Georgia Regulations & Compliance

This is approximately a   4 hour on-line self paced course designed to prepare you for your NMLS State Test Component. You will have 5 days of unlimited  access to this  course from your date of purchase. You will purchase and schedule your test from the NMLS resource center.  

(Note) Ideally you should start this course no earlier than 5 days prior to your testing date.

View Your Georgia  Manual Table of Contents

Your course includes:

• 5 Days Unlimited Course Access
• Georgia Mortgage Regulations Manual E Book 
• Practice Test

Kathy Lewis has carefully review all of the State of Georgia laws and new regulations and has created this manual to clearly explain to Lenders, Compliance Officers, Brokers, and Loan Officers what their responsibilities are and how to stay compliant with the Georgia Department of Banking & Finance.

 GEORGIA RESIDENTIAL MORTGAGE ACT:

·                                 Definitions

·                                 Exemptions

·                                 Operating without a license

·                                 Applications for licenses

·                                 Physical place of business

·                                 Financial requirements for licensing & registration

·                                 Investigation of applicants

·                                 Annual license renewal

·                                 License: contents, posting, transferring

·                                 Notice of certain actions

·                                 Change of control

·                                 Maintenance of books, accounts, records

·                                 Annual financial statements

·                                 Annual $10.00 per loan fee

·                                 Prohibition of certain acts

·                                 Disclosure requirements

·                                 Rules relative to escrow accounts

·                                 Regulations relative to advertising

·                                 Suspension or revocation

·                                 Cease and Desist orders

·                                 Criminal penalties

MORTGAGE DIVISION RULES:

·                                Examination, supervision, registration

·                                 Application and other fees

·                                 Levy and collection & other charges, fees

·                                 Approval of Branch Managers

·                                 Location requirement and minimum record retention

·                                 Minimum requirements for books and record

·                                 Mortgage Loan Transaction Journal

·                                 Audits

·                                 Experience and education requirements

·                                 Licensing requirements

GEORGIA FAIR LENDING ACT

·                                 Limitations and Prohibited Practices

·                                 Points and Fees Triggers

·                                 “Flipping” A Home Loan

·                                 High Cost Home Loans

·                                 Violations

·                                 Claims and Defenses

·                                 Violation of Chapter

$ 37.00   Purchase Course Here