As we have told you many times, California DRE licensees do not have to complete the 20-hour pre-licensure course because the DRE commissioner got it waived for you. However, you have to complete this waiver procedure by August 31, 2010.
How do you do it?
First, you go to the NMLS website at http://mortgage.nationwidelicensingsystem.org/Pages/default.aspx and register yourself […]
Entries Tagged as 'CAR'
MORTGAGE LOAN ORIGINATION (MLO) 20-HOUR PRE-LICENSURE COURSE WAIVER
July 21st, 2010 · No Comments
Tags: MLO · NMLS · MLO State Component Exam · MLO National Component Exam · MLO Continuing Education · California Association of Realtors · Duane Gomer · CAR · Purchase Agreements · Calif. Dept. of Real Estate · California Department of Real Estate · DRE · DRE Regulations
NEW RULES FOR MORTGAGE LOAN ADVERTISING
January 17th, 2010 · No Comments
A recent memo from the legal department of the California Association of Realtors® has brought to our attention some changes in rules for advertising mortgage loans. “The Federal Reserve Board has adopted, under TILA [Truth in Lending Act] Section 129(l)(2), 15 U.S.C. 1639(l)(2), rules to prohibit the following seven deceptive or misleading practices in advertisements […]
Tags: California Association of Realtors · Interest Rates · Advertising · Truth In Advertising · New Laws In 2010 · Mortgage Loan Originators · Annual Percentage Rate · Misrepresentation · Mortgage Lending · CAR · Lending · Mortgage Funding · Mortgage Servicing · Bob Hunt
REALTOR® ORGANIZATION OPPOSES FHA ANTI-FLIPPING RULE
October 18th, 2009 · No Comments
At their recent fall meetings, directors of the California Association of Realtors® (CAR) adopted the following motion: “That C.A.R. in conjunction with NAR, “SUPPORT” the elimination of the FHA 90-day anti-flipping rule, and that C.A.R. write and publish a letter to the FHA Commissioner in opposition to the FHA 90-day anti-flipping rule.” While support for […]
Tags: Bob Hunt · Anti-Flipping Rule · CAR · NAR · First-Time Buyers · FHA Financing · REO's · Property Flipping · FHA buyers · Foreclosures
CALIFORNIA REALTORS® OFFER MORTGAGE PROTECTION –PLAN FOR FIRST-TIME HOMEBUYERS
June 15th, 2009 · No Comments
Buying your first home can be a nervous-making experience under the best of circumstances. These days, though, there are extra reasons to be concerned about one’s abilities to make the payments. Just look at the unemployment numbers.Â
 Â
The California Association of Realtors® (CAR) has introduced a program designed to help allay the exacerbated worries of […]
Tags: Mortgage Funding · Buying A Home · Mortgage Application · Mortgage Lending · CAR · Bob Hunt
ADD-ON FEES MAY ENTAIL R.E.S.P.A. VIOLATION
June 8th, 2009 · 2 Comments
When directors of the California Association of Realtors® (CAR) met in Sacramento recently, their association attorneys had an important message for them: Real estate firms and agents who, in addition to commission, impose additional charges such as an “administrative fee”, “transaction fee”, “regulatory compliance fee” etc. need to tread very carefully. They could easily become […]
Tags: Fees · California Association of Realtors · Administrative Fees · Transaction Fees · Compliance Fees · RESPA · National Association of Realtors · Title and Escrow · Bob Hunt · CAR · NAR · Purchase Agreements