2 Hour TN SAFE:
Tennessee Mortgage Law – Course ID 15041
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!

2024 PE Calendar

June 15th – Nashville

8:00am – 10:00am CST

July 13th – Knoxville

8:00am – 10:00am EST

August 10th – Nashville

8:00am – 10:00am CST

September 14th – Nashville

8:00am – 10:00am CST

October 26th – Knoxville

8:00am – 10:00am EST

November 9th – Nashville

8:00am – 10:00am CST

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