Designed to prepare applicants to pass the newly-revamped NMLS NJ-state component license examination jointly administered by the New Jersey Department of Banking & Insurance and Pearson Vue, this course provides in-depth discussion of all critical topics, including, as applicable:
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The NJ Residential Mortgage Lending Act and Regulation
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The NJ Home Ownership Security Act
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The NJ mortgage processing regulation
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NJ mortgage advertising restrictions
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Usury
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Other NJ laws affecting mortgage lending and servicing
Taught by one of the foremost experts on New Jersey consumer credit law, the course offers definitive answers to important questions such as:
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Who needs to be licensed under the RMLA?
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What is a “high cost home loan”?
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What fees may you charge? What disclosures must be provided and when? For what loans?
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Under what circumstances are borrowers "at fault" for delays? If they are not at fault and their lock-in expires, what must you do?
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What can and cannot be published in an advertisement?
- What is usury, and what is the impact of DIDAMCA?
For course fees, schedule, locations and registration information, click HERE
