Course Objectives

This course provides Missouri mortgage loan originators with a comprehensive overview of the required topics outlined by the Missouri Division of Finance, including the Loan Brokerage Disclosure Statement and Fee Agreement, advertising standards, and Missouri SAFE Act violations and penalties. Participants will also explore the requirements governing reverse mortgages and second mortgages under Missouri law.

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

• Explain the requirements associated with the Loan Brokerage Disclosure Statement and Fee Agreement and recognize when it must be provided regardless of broker or lender status.
• Apply Missouri's advertising standards across all forms of communication, including social media and independent MLO webpages.
• Describe the violations and penalties associated with non-compliance under the Missouri SAFE Act.
• Explain how reverse mortgages work and identify the requirements Missouri law places on their origination.
• Define second mortgages and analyze the requirements Missouri law imposes on their origination and handling.

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