Course Objectives

This course provides Arizona mortgage loan originators with the knowledge and practical understanding needed to navigate Arizona's regulatory environment, avoid prohibited practices, and support borrowers responsibly through available housing resources. Participants will explore the authority of the Arizona Department of Insurance and Financial Institutions (AZ-DIFI), the legal consequences of prohibited conduct, and the affordable housing programs administered by the Arizona Department of Housing (ADOH).

By the end of this course, participants will be able to:

• Describe the role and authority of the Arizona Department of Insurance and Financial Institutions (AZ-DIFI) and explain its mission to protect consumers and ensure integrity within the mortgage industry.
• Identify prohibited acts and practices for mortgage loan originators under Arizona law and recognize situations that could expose an MLO to regulatory discipline or criminal liability.
• Explain the legal definition of residential mortgage fraud, distinguish between class 2 and class 4 felony penalties, and describe the civil, administrative, and criminal consequences of violations.
• Describe the role and mission of the Arizona Department of Housing (ADOH) and explain how Arizona allocates affordable housing resources through public-private partnerships and community-based development.
• Identify key state affordability initiatives, including the Housing Acceleration Fund, the Arizona Affordability Fund, and Arizona's Down Payment Assistance programs, including Home Plus and Arizona Is Home.
• Apply compliance best practices when counseling borrowers on affordability resources, including disclosures, underwriting standards, and repayment obligations.