2 Hour TN SAFE:
Tennessee Mortgage Law – Course ID 13992
Course Provider:
Tennessee Mortgage Bankers Association
Provider ID: 1405071

Course Purpose

This course satisfies the requirements set forth by the Secure and Fair Enforcement Mortgage Licensing Act and the Tennessee Department of Financial Institutions for a Tennessee State Specific content 2-hour pre-licensing course for Tennessee mortgage loan originators.

Course Description

This course covers topics Required 2 hours of Tennessee State Mortgage Laws.

2024 2-Hour TN Law Course Pricing

$79.00 for Members or Non-Members

TNMBA 2-Hour TN Law Course

TNMBA will be scheduling classes throughout the year in various cities with chapters across the state of Tennessee.
Hosted by: Chattanooga MBA, Knoxville MBA, MBA of Memphis, Nashville MBA, & the Tri-Cities MBA.

Click Here to Register Today!

TNMBA COVID-19 Protocol

We are following the guidelines established by CDC and continually reviewing the local and state health department protocols. All instructions have been trained in the importance of the following and practicing these protocols in every class.

Please click below to read and download the TNMBA Protocol and Waiver.

TNMBA COVID 19 Classroom Protocol

2024 PE Calendar

2024 Class Calendar Coming Soon

Course Objectives

Upon completion of this 2-hour course, students will be able to: Demonstrate an understanding of the following:

Tennessee laws related to mortgage lending.
1. General Provisions Tennessee Residential Lending, Brokerage and Servicing Act

  • Licensing Requirements for Mortgage Lenders, Mortgage Loan Brokers and Mortgage Loan Servicers
  • Licensing Requirements for Mortgage Loan Originators
  • Prohibitions and Enforcement of the Tennessee Mortgage Licensing Law
  • Tennessee’s Participation in the Nationwide Mortgage Licensing System and Registry

2. Tennessee Home Loan Protection Act

  • Prohibited acts and practices related to the Tennessee Home Loan Protection Act
  • Tennessee Laws related to Curing Default and Foreclosure, Granting Relief and Due Diligence
  • Actions prohibited to avoid application or provisions of chapter and Open-end credit plan
  • Penalties, Punitive damages, Remedies, Limitations, Frivolous or harassment actions, Notice of action related
    to the Tennessee Home Loan Protection Act
  • Consequences of Compliance failure
  • The DFI Commissioner’s powers, Rules and regulations, Examinations and investigations and Injunctions

3. Rules Pertaining to Mortgage Lending, Loan Servicing and Loan Brokering

  • Experience Required for a License
  • Accounting for Fees to Third Persons
  • Financial Statements
  • Notice of Mortgage Transfer
  • Nationwide Mortgage Licensing and Registry
  • Nationwide Mortgage Licensing and Registry
  • Lock-In Agreement System Challenge Process
  • Refund of Lock-In Fee
  • Notification Requirements
  • Refund of Commitment Fee
  • Preservation of Records
  • Brokerage/Finder Fees
  • Annual Report
  • Surety Bond Requirements
  • Letter of Exemption
  • Fee for Substitute License