3 Hour Online SAFE PE - Rhode Island State Law

(Note: Starting November 1st, 2019, only State Law Specific

Pre-licensing classes will be Online Self Study)

Summary

This course presents a summary of the key terms and provisions of the Rhode Island Statutes and Rules that specifically impact the mortgage loan originator and residential mortgage lending operations in the State of Rhode Island and is structured to reflect the outline of the Rhode Island State License Exam.  

Description

The course is divided into six sections:

1. Rhode Island department of business regulation division of banking
2. State law and regulation definitions:  reviews definitions from the Rhode Island’s loan originator statutes
3. License law and regulation:  reviews the Individual and Company requirements for licensing in accordance with   Rhode Island State Law and the federal SAFE act.
4. Compliance practices:  focuses on prohibited conduct and practices including high cost home loans
5. Disciplinary actions:  covers penalties for violations and revocation of licenses

Upon successful completion of this course you will have a strong understanding of several of the laws and regulations specific to mortgage loan originators and lenders in the state of Rhode Island.  You will also have a good background of information for taking the Rhode Island State Exam.