20-Hour Pre-Licensing Class (PE)

20 Hour MLO Class:
20-Hour Mortgage Loan Originator SAFE Comprehensive (12874)
Course Provider:
Tennessee Mortgage Bankers Association
Provider ID: 1405071

Course Description and Purpose

This course satisfies the requirements set forth by the Secure and Fair Enforcement Mortgage Licensing Act for a comprehensive 20-hour pre-license education course for mortgage loan originators. This course covers topics required by the SAFE Act: 3 hours of Federal law and regulations, 3 hours of ethics and fraud, 2 hours of non-traditional mortgage lending, plus 12 hours of undefined instruction on mortgage origination.

20-Hour LIVE Class 2022 Calendar

January 14th-15th – Memphis

February 11th-12th – Nashville

March 4th-5th – Knoxville

April 8th-9th – Nashville

May 6th-7th – Nashville

June 10th-11th – Knoxville

July 8th-9th – Nashville

August 12th-13th – Nashville

September 9th-10th – Nashville

October 14th-15th – Knoxville

November 4th-5th -Nashville

December 2nd-3rd – Nashville

MLO Pricing 2022



Course Learning Objectives

After completing this course, you will be able to:

  • Identify key provisions set forth by Title X and XIV of the Dodd-Frank Act.
  • Describe disclosure-related laws set forth by the Truth in Lending Act, the Mortgage Disclosure Improvement Act, the Homeowners Protection Act, and the Home Mortgage Disclosure Act.
  • Explain how to adhere to federal laws for completing, revising, and meeting the delivery requirements for the Loan Estimate and the Closing Disclosure.
  • Identify requirements for the Settlement Servicer Provider List, the Affiliated Business Arrangement Form, and the Homeownership Counseling Organizations List.
  • Describe minimum consumer standards and documentation required for a lender to be consideredcompliant with the Ability to Repay Rule.
  • Recall thresholds that define a mortgage as higher-priced or high-cost and the restrictions specific to originating both of these loan types.
  • Identify advertising-related disclosure requirements set forth by Regulation Z.
  • Describe the prohibitions set forth by Regulation X specific to accepting kickbacks, split charges, and unearned fees.
  • Identify the purpose and provisions set forth by the Equal Credit Opportunity Act with specific focus on correctly providing a notice of action and an appraisal copy to consumers.
  • Identify the purpose and provisions set forth by the Gramm-Leach-Bliley Act with a specific focus on the Financial Privacy Rule.
  • Explain the purpose and key provisions of the Fair Credit Reporting Act, the Fair and Accurate Credit Transaction Act, the Telemarketing Sales Rule, the Bank Secrecy Act, the Patriot Act, and the SAFE Mortgage Licensing Act.
  • Describe the meaning of ethics as it pertains to the standards of conduct of a mortgage professional.
  • Identify unethical and unlawful predatory and fraudulent mortgage activities that are prohibited and punishable.
  • Explain how to comply with federal laws that govern mortgage-related advertising with a focus on the MAP Advertising Rule.
  • Identify key provisions of Chapter 87 specific to telemarketing and senior abuse prevention.