1 Hour ID SAFE Continuing Education Course: Idaho Prohibited Practices & Enforcement: #19064

Description

Every Idaho mortgage loan originator works inside a single, detailed rulebook: the Idaho Residential Mortgage Practices Act. The Act does more than describe how to get a license. It sets out, in plain statutory language, the specific things a licensee may not do, and it gives the Idaho Department of Finance the authority to deny, suspend, or revoke a license when those rules are broken. For the originator renewing a license each year, knowing the prohibited-practices provisions is not academic; it is the difference between a clean record and an enforcement file.

This one-hour Idaho state-specific elective is organized into two chapters and a case study. Chapter 1 covers the prohibited practices that apply to mortgage brokers and mortgage lenders under Idaho Code Section 26-31-211. Chapter 2 covers the broader list of prohibited acts that apply directly to mortgage loan originators under Section 26-31-317, together with the Department’s enforcement authority. The course then closes with a real Idaho Department of Finance enforcement action, examined step by step, so the statutory rules can be seen working in an actual matter.

Contents

1. Prohibited Practices of Mortgage Brokers and Lenders
2. Prohibited Acts for Originators — and a DOF Case Study
3. Final Exam