Course Objectives

This course is designed to help Utah mortgage professionals strengthen their understanding of licensing requirements, consumer protection standards, and regulatory expectations under the Utah Residential Mortgage Practices and Licensing Act and applicable federal law. Through statutory guidance, real-world enforcement actions, and practical compliance examples, participants will explore the areas where unintentional violations most commonly occur — and where regulators have increased scrutiny.

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

• Identify the licensing requirements under the Utah Residential Mortgage Practices and Licensing Act and recognize conduct that constitutes unlicensed or unauthorized activity.
• Describe branch-level oversight responsibilities and explain the professional standards of honesty, integrity, financial responsibility, and competence required of all Utah mortgage licensees.
• Apply truthful advertising standards and identify permissible compensation and monetary limits under Utah law.
• Recognize the compliance risks associated with solar panel financing in residential mortgage transactions and describe how to navigate them appropriately.
• Analyze real-world disciplinary cases to identify common industry pitfalls and explain how everyday business practices — if misunderstood or improperly managed — can lead to fines, probation, or license revocation.