Opportunity for CUNA MLO NMLS-Approved Training in Michigan
CUNA is bringing an 8-hour Mortgage Loan Originator (MLO) training course to Michigan. The course is approved by the Nationwide Multistate Licensing System (NMLS).
The rules issued by the CFPB pursuant to Dodd-Frank amended Regulation Z require that a loan originator must receive periodic training. CUNA's course covers Federal and State law requirements that relate to the individual loan originator's origination activities, including:
Federal Laws and Regulations
- Truth in Lending Act/Regulation Z
- Real Estate Settlement Procedures Act/Regulation X
- Fair Credit Reporting Act/Regulation V
Ethics, Consumer Protection and Fair Lending
- Equal Credit Opportunity Act/Regulation B
- Fair Housing Act
- Home Mortgage Disclosure Act/Regulation C
- Servicemember Civil Relief Act
Non-Traditional Mortgage Products
- Interagency Guidance on Non-Traditional Mortgage Products
- Adjustable Rate Mortgages
- Home Equity Lines of Credit
- Statement on Subprime Mortgage Lending
- Private Mortgage Insurance
- Higher Priced Mortgage Loans
- High-Cost Mortgages
Undefined Mortgage Instruction
- SAFE Act
- Mortgage Product Advertising Rules
- Flood Insurance
The training takes place Oct. 18 at Michigan First Credit Union in Lathrup Village. Registration is $299 per person for CUNA members and $598 for nonmembers.
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