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Michigan Credit Union League

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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2016-09-26 00:00:00