2 Hour Mortgage Loan Originator West Virginia SAFE Course Course Syllabus

Welcome to our West Virginia SAFE Course. We are excited to assist you in furthering or beginning your mortgage career and are pleased you chose Praedo Institute to satisfy your education requirements. Course Purpose This course is meant to satisfy the two hour West Virginia specific education requirement for West Virginia loan originator license applicants. If you are taking this course, you should have completed at least 20 hours of NMLS approved education at another time. This course will also help you prepare for the West Virginia component of the SAFE exam. Course Description During this course, we will cover all West Virginia code that pertains to the mortgage industry. Course Dates and Times This course is offered on Mondays and Thursdays. It begins at 8:00am mountain time on the start date and must be completed by midnight on the session end date. Instructor Contact Information Once you register for the course, you will receive an email from the instructor assigned to your course. The email will introduce your instructor as well as explain contact methods and expected response times. All of our instructors are required to respond to student questions within one business day of the receipt of your question. Your instructors personal email will be included in the introduction email. Course Objectives Upon completing this course, you should be able to do the following: Explain the role of the West Virginia Division of Financial Institutions in the mortgage industry; Outline the requirements to obtain a license in West Virginia; and Explain the duties and obligations imposed upon a licensee.

Grading Policy The course consists of slides mixed with comprehension questions. Each chapter includes a chapter quiz. You will also need to pass a course final at the conclusion of the course. You may view the slides at your own pace, but you must answer all of the comprehension questions correctly and score 80 percent on all quizzes to receive credit for the course. You must also pass the final exam with a score of 80 percent in order to receive credit for the course. Your course consists of two parts. At the end of the first part, you will be required to submit an assignment to your instructor. Your instructor will grade your assignment within one business day of assignment submission. Once your instructor grades the assignment, your instructor will allow you access to the second part of your course. The instructor reserves the right to delay your advancement to the next part in the event you are progressing substantially faster than the other students in your section. Please remember, your course does include a completion deadline. Course Policies Each student is required to submit an Identity Affidavit. By confirming the attestation, the student certifies that the course work was or will be completed by the person for whom the certificate will be issued. The student further certifies that they did or will not receive any assistance in completing the course. The submission of a completion certificate for a course they did not complete themselves may constitute fraud on the students part and is subject to prosecution and/or discipline. Technical Support As our course is entirely online, we do offer live technical support via telephone, email, and chat from 8:30am to 5:00pm mountain time on regular business days. After hours, holiday, and weekend support is available 365 days a year via email from 9:00am to 10:00pm mountain time. Our telephone number is 801-492-9933 and the support email is support@praedo.com. Please note, our technical support staff will often be unable to answer content questions which are more appropriately directed to your instructor. Using our System Once you purchase the course and are logged into our system, you should see a link to the course on your home page. This link will launch the course. Please carefully review the introduction module for instructions on using our online system.

Course Outline This course consists of two parts, each covering different aspects of West Virginia law. WV SAFE Mortgage Law Part 1 (1.5 Hours) Introduction: This module will introduce you to our system. Adherence to the advice and instructions offered in this module will greatly improve your online education experience. West Virginia Mortgage Law Chapter 1: Chapter One covers licensing for lenders and brokers. It consists of the following sections: Definitions Licensing and Exemptions Application for Lenders Financials and Fees Application for Brokers Contractual Prohibitions Terms Prohibitions Disclosures Statute Review Case Study: The student will review a statute on the Division of Financial Institution's web site. To complete the assignment, the student will write a short review about the statute. They will answer questions regarding the statute in their review. The student will submit their completed assignment to their instructor for grading. Once the assignment is graded by their instructor, the student will be allowed to access part 2 of the course. WV SAFE Mortgage Law Part 2 (.5 Hours) West Virginia Mortgage Law Chapter 2: Chapter Two covers Mortgage Loan Originators and other state regulations. It consists of the following sections: Definitions Exemptions Issuance of License Pre-licensing Requirements Testing Requirements Continuing Education Enforcement, Violations, and Penalties Prohibited Acts and Practices

Investigation and Examination Authority

Course Final: The student will complete the course final. Course Evaluation: Students will be allowed to give feedback regarding the course. Course Schedule This course consists of the two parts outlined below. The requirements for each part are listed with the approximate time needed to complete each learning module. Please note that the times are estimated, it may take you more or less time to complete the course material than specified in this outline. Regardless of the time it takes you to complete this course, it is approved as a two hour course and must be completed in its entirety in order for you to receive credit. Good Luck Once again, thank you for choosing Praedo Institute. Your success is extremely important to us. Please let us know if we can be of any assistance at any time. Enjoy the course!

Course Outline and Schedule Schedule Topics and Activities WV SAFE Mortgage Law Part 1 Monday or Thursday Statute Review Case Study WV SAFE Mortgage Law Part 2 Evaluation Reading Due Introduction West Virginia Mortgage Law Chapter 1 Division of Financial Institution's Statute Review West Virginia Mortgage Law Chapter 2 N/A Assignments Due Instruction Time Allocation

Complete chapter quizzes

40 Minutes

Submit review of statute to instructor Complete chapter quizzes and course final Complete evaluation

30 Minutes

Tuesday or Friday

35 Minutes

5 Minutes