Course and Package Description
Course
Price
4 Hour Online SAFE PE – West Virginia State Law
Summary
This course covers West Virginia law and regulations pertaining to Mortgage Loan Originator licensing and is structured to reflect the outline of the West Virginia State License Exam. During this 4 -hour pre-licensure course covering West Virginia mortgage law, we will cover several laws including:Description
The course is divided into six sections:
Section 1: West Virginia Division of Banking details the departments regulatory authority, Department/Agency Structure, and the departments responsibilities and limitations.
Section 2: West Virginia Law and Regulations Definitions
Section 3: West Virginia License Law and Regulations details who is to be licensed, License qualifications and application process, grounds for denying a license, license maintenance.
Section 4: Compliance Details Prohibited Acts and Practices, Required conduct, Fees and Charges, Disclosures and agreements, and Advertising
Section 5: Disciplinary Action Details Notifications, hearings and appeals, Suspension revocation and rescission of licenses, penalties and fines, and criminal and civil liabilities
Section 6: Reverse Mortgages Details Lender Qualifications, Product Requirements, and Process Requirements to be in compliance with the West Virginia Reverse Mortgage Enabling Act.
Upon successful completion of this course you will have a strong understanding of the laws and regulations specific to mortgage loan originators and lenders in the state of West Virginia. You will also have the information needed to pass the West Virginia State Exam.
Learning Objectives
Upon successful completion of this course you will have a strong understanding of the laws and regulations specific to mortgage loan originators and lenders in the state of West Virginia. You will also have the information needed to pass the West Virginia State Exam.