FOR IMMEDIATE RELEASE
Pat Keefe - CUNA Communications; (202) 508-6765;
Amy Nigrelli - CUNA Marketing; (608) 231-4246;
Madison, Wis. (4/1/2014) - CUNA is pleased to announce its approval as a National Mortgage Licensing System & Registry (NMLS) approved course provider.
Approval as an NMLS approved course provider allows CUNA to create training opportunities that fulfill the CFPB's new rules under Regulation Z (1026.36 F3iii), which require credit unions to provide periodic training covering federal and state law requirements that apply to an individual's loan origination activities. While the rule is not specific about how much or what type of training is sufficient, it does provide a safe harbor that will be met by participating in CUNA's NMLS approved comprehensive mortgage loan originator course.
"After receiving repeated phone calls on MLO training, we're proud to be able to meet the needs of our credit unions," said Tracy Blaske, CUNA's Director of Compliance Education. "With NMLS approval, credit unions who utilize CUNA's MLO courses can be confident they will satisfy the requirement under Regulation Z."
CUNA's NMLS approval involved an intensive application process and stringent requirements. Each individual MLO course developed will be separately assessed and approved before being offered.
NMLS Approved course:
8 Hour SAFE Comprehensive Mortgage Loan Originator Course #4528 (NMLS ID #1405021)
This course will take place Sunday, August 10, 2014 as a pre-conference workshop prior to
CUNA Lending Compliance School
. Presented by Michael Christians, this course will prepare participants and their credit unions to meet the continuing education requirements of the SAFE Act. This pre-conference workshop is NMLS Approved #4528.
For additional information and to register for this course, visit
*NMLS Approved Course Provider #1405021
Credit Union National Association • 5710 Mineral Point Road, Madison, WI 53705 • (800) 356-9655
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With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America's 6,900 state and federally chartered credit unions, which are owned by more than 98 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit
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