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Correspondence - Essentials of Alabama Mortgage Education - 12hr 
Price: $199.00

 

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This book-based course satisfies the 12-hour continuing education requirement for the state of Alabama, covering state and federal laws.

The Alabama 12-Hour course contains the following modules:

  • Alabama State Law - comprehensive coverage of the Alabama State Law, with a section-by-section breakdown that offers both seasoned and novice mortgage brokers a plainly written companion to the Alabama Mortgage Brokers Licensing Act and the Alabama Fair Housing Law.
  • Real Estate Settlement Procedures Act (RESPA) - defines the parameters set forth by this federal law regarding fees and compensations, required disclosures, escrow accounts, violation penalties, as well as an expansive section covering Affiliated Business Arrangements.
  • Truth-in-Lending Act (TIL or TILA) - lays out disclosure and advertising requirements, rights of recession, and penalties for violation, as stated in this federal statute, as well as a detailed APR explanation.
  • Equal Credit Opportunity Act (ECOA) - addresses discrimination, enforcement, civil liability, and annual reports as defined by this federal law.
  • Fair Housing Law - defines prohibitions, discriminations, religious and private club exemptions, enforcements, and penalties, as outlined in this federal law.
  • Fair Credit Reporting Act (FCRA) - contains a summary of consumer rights, as well as uses for consumer reports for both lenders and employers.
  • Federal Law Update - Outlines Gramm-Leach Biliey privacy policies, required disclosures, and government monitoring information, as well as covering the Flood Disaster Protection Act, the National Flood Insurance Act and the Home Mortgage Disclosure Act.
  • Ethics - examines ethical practice through theories and case studies, along with definitions of predatory lending practices.

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