2 Hour Online SAFE PE – Indiana State Law

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

Pre-licensing classes will be Online Self Study)

Summary

This course covers Indiana Law relevant to Mortgage Loan Originators (MLOs) and is structured to reflect the outline of the Indiana State License Exam.  During this 2-hour pre-licensing course covering Indiana Mortgage law, we will cover several laws for Indiana Department of Financial Institutions and Indiana Secretary of State, including: First Lien Mortgage Lending, Uniform Consumer Credit Code, Loan Broker Act, Indiana Good Funds Law, High Cost Home Loan regulations.

Description

The course isdivided into four sections:

Section1:  Regulatory Agency and Definitions. Covers the Regulatory authority of the SOSand the commissioner, summarizesthe Uniform consumer Credit Code, the Loan broker Act and the Indiana GoodFunds Law and associated definitions.

Section 2:  License Law and Regulation – Covers Persons required to be licensed,licensee qualifications & the application process, the grounds for denyinga license and license maintenance.

Section 3: Compliance – Details prohibited andrequired conduct for SOS licensed MLOs.

Section4:  Disciplinary action – Discusses notifications, hearings andappeals, then suspension, revocation and rescission of licenses, then finally,penalties/fines and civil and criminal liability