1 Hour NM SAFE CE: NM Mortgage Loan Originator Licensing Act

Product Code: ISFWB-11-003-012, Individual Continuing Education Online Course; NMLS Course Number: 2033

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

AllRegs Academy’s 1 Hour NM SAFE CE: NM Mortgage Loan Originator Licensing Act course satisfies 1 hour of NMLS approved continuing education in the New Mexico state specific category. 

Are you a State Licensing Mortgage Loan Originator in New Mexico, and still need to satisfy your NMLS training?

This self-study course is designed to teach students the purpose and scope of the New Mexico Mortgage Originator Licensing Act.  The course will clarify key terms as they pertain to the Mortgage Loan Originator Licensing Act in New Mexico and review the state’s licensing requirements with emphasis on violations and penalties for mortgage loan originators. Students attending the course will know how the New Mexico Mortgage Loan Originator Licensing Act impacts their requirements for maintaining licensure to conduct mortgage lending business in the state of New Mexico. Please note that the SAFE Act specifically prohibits the taking of the same course in successive years.

• View the NMLS Approval Letter for this course.
• View AllRegs' NMLS Course Provider Approval.
• To find out more about your state requirements, visit AllRegs' Continuing Education Resources.
• What CE Training Solution is Right for You and Your Company? Click here to view our comparison grid »

Learning Goals & Objectives

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

• State the purpose of the Loan Officer Licensing Act (LOLA)
• Identify the regulator responsible for administering LOLA
• Explain, in plain language, the twenty-five prohibited practices under LOLA
• List the penalties for violating LOLA
• Relate LOLA to other applicable NM laws and statutes

Course Topics/Outline

• Overview of the 2009 New Mexico Mortgage Loan Originator Licensing Act
• Purpose of the legislation
• Introduce the regulators and their job functions
• Violations and penalties are listed
• Each of the twenty-five prohibited practices are listed and further explained with examples
• Other NM laws relating to mortgage lending are introduced
• Impacts for violating any of NM mortgage lending laws is explained

Target Audience

• Mortgage Loan Originators in the state of New Mexico
• 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 New Mexico.

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.