Module 2
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This 1-hour continuing education module discusses regulations for mortgage licensees under the Mortgage Broker Practices Act (MBPA) and Consumer Loan Act (CLA). It covers regulating loan originators and mortgage brokers, their office locations, and consumer loan companies. Reporting requirements, advertising restrictions, recordkeeping obligations, and the examination and enforcement authority of the Department of Financial Institutions are also reviewed. The module concludes by detailing various prohibited business practices that can result in license revocation or disciplinary action.
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Module 2
- 1. Module 2: Regulating Mortgage Licensees - MBPA & CLA 1-Hour WA SAFE Continuing Education
- 2. Module 2: Regulating Mortgage Licensees - MBPA & CLA Regulating Licensees Regulating Loan Originators Regulating Mortgage Brokers Main and Branch Office(s) Regulating Consumer Loan Companies Main Office and Branch Locations
- 3. Module 2: Regulating Mortgage Licensees - MBPA & CLA Reporting, Advertising, and Recordkeeping Requirements Reports and Notices Typical Changes That Require Notification Disclosure and Other Obligations Advertising Restrictions Identifying the Business in Advertisements Advertising on the Internet Recordkeeping
- 4. Module 2: Regulating Mortgage Licensees - MBPA & CLA Authority of the Director of the Department of Financial Institutions Examinations and Investigations
- 5. Module 2: Regulating Mortgage Licensees - MBPA & CLA Authority of the Director of the Department of Financial Institutions Enforcement Authority Prohibited Practices and Grounds for Revocation Some of the Prohibited Business Practices Disciplinary Action - Violating the MPBA, CLA, or Rules Partial List of Prohibited Actions Licensee’s Right to a Hearing