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.
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