Course Objectives

Connecticut mortgage loan originators work in a highly regulated environment where small process shortcuts can create big legal and consumer-harm consequences. This 1-hour Connecticut State-Specific Continuing Education course is designed to refresh the state laws that shape daily origination activity and to reinforce conduct expectations that protect borrowers, lenders, and licensees.

Across two chapters, you’ll review Connecticut’s core mortgage statutory framework and key mortgage/loan practice rules, then apply Connecticut’s Abusive Home Loan Lending Practices Act to practical origination scenarios. A special focus of this course is fraud prevention, including two high-risk actions Connecticut regulators consider fraudulent: signing documents on behalf of a borrower and requiring up-front cash payments from a borrower to take an application.

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

• Identify practices that are fraudulent
• Illustrate that MLOs signing documents on behalf of borrowers is fraud
• Explain that requiring up-front cash paymentsfrom borrowers to take an application is fraud.