Kan. Admin. Regs. § 75-6-36 - Prelicensing and continuing education; requirements
(a) Each individual required to register as a
residential mortgage loan originator pursuant to the Kansas uniform consumer
credit code, K.S.A. 16a-1-101 et seq. and amendments thereto, shall complete at
least 20 hours of prelicensing professional education (PPE) approved in
accordance with subsection (c), which shall include at least the following:
(1) Three hours of federal law and
regulations;
(2) three hours of
ethics, which shall include instruction on fraud, consumer protection, and fair
lending issues; and
(3) two hours
of training related to lending standards for the nontraditional mortgage
product marketplace.
(b)
Each individual required to register as a residential mortgage loan originator
pursuant to the Kansas uniform consumer credit code, K.S.A. 16a-1-101 et seq.
and amendments thereto, shall annually complete at least eight hours of
approved continuing professional education (CPE) as a condition of registration
renewal, which shall include at least the following:
(1) Three hours of federal law and
regulations;
(2) two hours of
ethics, which shall include instruction on fraud, consumer protection, and fair
lending issues; and
(3) two hours
of training related to lending standards for the nontraditional mortgage
product marketplace.
(c)
Each PPE and CPE course shall first be approved by the administrator, or the
administrator's designee, before granting credit.
(d) In addition to the specific topic
requirements in subsections (a) and (b), PPE and CPE courses shall focus on
issues of mortgage business, as defined by K.S.A. 9-2201 and amendments
thereto, or related industry topics.
(e) One PPE or CPE hour shall consist of at
least 50 minutes of approved instruction.
(f) Each request for PPE or CPE course
approval shall be submitted on a form approved by the administrator. A request
for PPE or CPE course approval may be submitted by any person, as defined by
K.S.A. 16a-1-301 and amendments thereto.
(g) Evidence of satisfactory completion of
approved PPE or CPE courses shall be submitted in the manner prescribed by the
administrator. Each residential mortgage loan originator registrant shall
ensure that PPE or CPE credit has been properly submitted to the administrator
and shall maintain verification records in the form of completion certificates
or other documentation of attendance at approved PPE or CPE courses.
(h) Each CPE year shall begin on the first
day of January and shall end on the 31st day of December each year.
(i) Each residential mortgage loan originator
registrant may receive credit for a CPE course only in the year in which the
course is taken. A registrant shall not take the same approved course in the
same or successive years to meet the annual requirements for CPE.
(j) Each residential mortgage loan originator
registrant who fails to renew the registrant's certificate of registration, in
accordance with K.S.A. 16a-2-302 and amendments thereto, shall obtain all
delinquent CPE before receiving a new certificate of registration.
(k) A residential mortgage loan originator
registrant who is an instructor of an approved continuing education course may
receive credit for the registrant's own annual continuing education requirement
at the rate of two hours of credit for every one hour taught.
Notes
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