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    1 Hour NC SAFE CE NC Anti Predatory Lending Law



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    Price:
    $27.00
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    NMLS ApprovedMortgage Training - 1 Hour NC SAFE CE: NC Anti-Predatory Lending Law

    Related Products/Topics:  flipping, SAFE Act Training, mortgage education


    Product Code: ISFWB-11-003-005, Individual Continuing Education Online Course; NMLS Course Number: 1825

    NMLS banking fees included with your AllRegs SAFE Act Training registration.

    AllRegs Academy’s 1 Hour NC SAFE CE: NC Anti-Predatory Lending Law course satisfies 1 hour of North Carolina specific NMLS approved continuing education in the Elective category.

    Are you a State Licensed Mortgage Loan Originator in North Carolina, and still need to satisfy your NMLS training?

    This self-study online course is designed to teach students the purpose and scope of the Anti-Predatory Lending Law.  The course will clarify key terms as they pertain to the mortgage loan business in North Carolina and review the state’s specific prohibitions and requirements with relation to predatory lending as well as high cost, and rate spread home loans. Students attending the 1 Hour NC SAFE CE: NC Anti-Predatory Lending Law course will know how the North Carolina Anti-Predatory Lending Law impacts issuing high-cost loans and rate spread loans in the state of North Carolina. Please note that the SAFE Act specifically prohibits the taking of the same course in successive years.

    Learning Goals & Objectives

    Upon completion of this course, you will be able to:

    • Review the history of predatory lending and the North Carolina Anti-Predatory Lending Law
    • Define key terms in predatory lending
    • Recognize the applicability of the North Carolina Anti-Predatory Lending Law and high cost lending thresholds
    • List the restrictions on high cost loans
    • Identify the requirements of rate spread home loans
    • Recognize the penalties for violating North Carolina Anti-Predatory Lending Laws

    Course Topics/Outline

    • History of Predatory Lending
      • Key Components
      • Federal Legislation
      • Example violations
      • HOEPA
    • Key Terms in Predatory Lending
      • The four “P’s” of Predatory Lending
      • Defining high cost and rate spread home loans
      • Defining points and fees
      • Exceptions to points and fees
      • Understanding discount points
      • Review of key terms
    • North Carolina Anti-Predatory Lending law Applicability
      • High cost thresholds
      • Points and fees test
      • Prepayment penalty test
    • Restrictions on high cost loans
      • Prohibitions
      • Loan counseling
      • Ability to pay
    • Requirements of rate spread home loans
      • Triggers
      • Restrictions
      • Other features of the NC Anti-Predatory Lending law
      • Loan flipping
      • Tangible net benefit test
      • Disclosures

    Target Audience

    • North Carolina State Licensed Mortgage Loan Originators
    • Loan Originators
    • Loan Officers
    • Mortgage Brokers

    Course Delivery

    Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles and real world examples, with audio and/or video recordings of industry experts.

    The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. This course will take no less than one hour to complete.

    Tuition & Registration

    This course satisfies one hour of NMLS-approved Continuing Education training in the state of North Carolina.

    Tuition for this course is $27.00 and includes the Credit Banking and Admin Fee applicable to this course.  View full list of Continuing Education courses available for individual purchase.

    Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.

    NOTE: The SAFE Act specifically prohibits the taking of the same course in successive years.

    For more information or to register by phone, call your Regional Account Executive at (800) 848-4904 or email sales@allregs.com.

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