02-030 C.M.R. ch. 500, § VIII - REQUIRED COURSES AND EXAMINATIONS
1.
Maine-specific study for both initial and continuing requirements. For
any period in which a person subject to this rule is required to undertake 16
credit-hours of instruction, at least two of the 16 credit-hours must consist
of a review of Maine laws and regulations. For any period in which a person
subject to this rule is required to undertake 12 credit-hours of instruction,
at least one of the 12 credit-hours must consist of a review of Maine laws and
regulations. Areas of recommended instruction are provided in Attachment "B"
hereto.
2.
Ethics study
for both initial and continuing requirements. For any period in which
a person subject to this rule is required to undertake 16 credit-hours of
instruction, at least two of the 16 credit-hours must consist of a study of
ethics and ethical considerations affecting the mortgage industry. For any
period in which a person subject to this rule is required to undertake 12
credit-hours of instruction, at least one of the 12 credit-hours must consist
of a study of ethics and ethical considerations affecting the mortgage
industry.
3.
Examinations. All courses must include a proctored examination or
other verifiable testing process intended to measure retention of course
material. The time spent on an examination may be counted among the total
credit-hours required. A course provider must retain for 24 months proof of
students' successful completion of examinations and must produce that proof
upon the request of the OCCR.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.