1 Hour MN SAFE Continuing Education Course: Minnesota Mortgage Licensing, Conduct & Enforcement: #19067

Description

This one-hour continuing education course fulfills the Minnesota state-specific elective requirement for mortgage loan originators licensed by the Minnesota Department of Commerce. The course follows the MN-DOC’s required learning objectives and topics list exactly, organized across two chapters of 30 minutes each.

Chapter 1 covers the Minnesota Residential Mortgage Originator and Servicer Licensing Act (Chapter 58), the Minnesota SAFE Act (Chapter 58A), the lending authority of financial institutions under Chapters 47.20–47.208, the standards of conduct (including advertising, net tangible benefit, and oral payment disclosure), the mortgage broker agency duties, and the records, surety bond, escrow, and fees framework. Chapter 2 covers the DOC’s examination and investigation authority (Chapters 45 and 58.12), the 2024 corporate governance requirements, the disciplinary and civil penalty framework, the foreclosure consultant and equity purchaser protections (Chapter 325N), and the residential mortgage fraud statute (Minn. Stat. § 609.822).

Contents

1. Licensing, Definitions, Standards of Conduct, and Mortgage Broker Duties
2. Enforcement, Examinations, Foreclosure Protections, and Residential Mortgage Fraud
3. Final Exam