Professional Documents
Culture Documents
Course Syllabus
Tuesday, Thursday, Saturday 10am - 10pm MT
Welcome to our New Jersey 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 four hour NJ specific education requirement for NJ loan
originator license applicants. If you are taking this course, you should have completed at least
16 hours of NMLS approved education at another time.
Course Description
During this course, we will cover the New Jersey SAFE Act and several of the regulations that
accompany it. This course is divided into sections that cover: The New Jersey Department of
Banking and Insurance, New Jersey State Law and Definitions, The New Jersey Residential
Mortgage Lending Act and Regulations, Compliance, Disciplinary Action, and The New Jersey
Home Ownership Security Act of 2002.
Course Dates and Times
This course is offered Tuesday, Thursday, and Saturday from 10am to 10pm MT. Your course
MUST be completed within the 12 hour time period that you select.
Please pay close attention to the course schedule found at the end of this syllabus. During your
course you will be required to submit an assignment that must be graded by an instructor
before you can continue progressing through the course. The course schedule outlines the
times by which the assignment must be submitted.
If you do not complete your course within the 12 hour session time, you will be required to
choose a different session date and re-start the course from the beginning.
NMLS has made it clear that courses must be completed in a timely manner. Please consider
the following from Functional Specifications for all NMLS Approved Courses: Version 6 section
1.5.2.3.
Technical Support
As our course is entirely online, we do offer live technical support via telephone and email 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 New Jersey law.
NJ SAFE Mortgage Law Part 1
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.
NJ Mortgage Law Chapter 1: Chapter One covers the New Jersey Department of Banking and
Insurance as well as New Jersey State Law and Regulation Definitions. It consists of the
following sections:
Introduction
Acts and Code
Definitions
NJ Mortgage Law Chapter 2: Chapter Two covers the New Jersey Residential Mortgage Lending
Act and Regulations. It consists of the following sections:
Criminal Check
Credit Check
Required Education
Testing
Continuing Education
NJ Licensing Learning Activity: The student will be directed to the Department's website where
they will read through the Mortgage Loan Originator licensing requirements. After they have
read the information, they will answer the questions and post them on the Licensing Forum.
NM Licensing Case Study: The student will use information they have learned in the first part
of the course to distinguish between qualified and unqualified licensing candidates.
The student will submit their completed assignment to their instructor for grading.
This assignment must be completed and submitted by 5pm MT on the date you begin the
course. If your assignment is not submitted by this time, you will be required to re-start the
course in a different session.
NJ SAFE Mortgage Law Part 2
NJ Mortgage Law Chapter 3: Chapter Three covers compliance and consists of the following
sections:
Prohibited Conduct
License Name
License Changes
Required Provisions
Required Actions
Required Disclosures
Fees
Advertising
Special Rules for Brokers
NJ Mortgage Law Chapter 4: Chapter Four covers disciplinary action and additional state
regulations. It consists of the following sections:
Disciplinary Action
Suspension, Revocation, and Cease and Desist Orders
Penalties
Civil Liability
Course Final: The student will complete the course final covering all of the material discussed
in the course. They are required to pass the final with a score of at least 80%.
Course Evaluation: Students will be allowed to give feedback regarding the course.
In order for you to receive credit for this course, all coursework (including the assignment)
must be completed and approved, the final must be passed with a score of at least 80%, and
the course evaluation must be completed by 10pm MT on the course session date.
Course Schedule
This course consists of the two parts outlined above. The requirements for each part are listed
in the course schedule with the time allowed to complete each learning module. This course
meets the minimum time requirement of 50 seat minutes for each clock hour the course is
approved. This course is approved as a four 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 assistance at any time. Enjoy the course!
Must be
completed
by 5pm MT
Topics and
Activities
NJ SAFE Mortgage
Law Part 1
Reading Due
Assignments Due
Instruction Time
Allocation
Introduction
NJ Mortgage Law
Chapters 1 & 2
Complete chapter
quizzes
100 Minutes
NJ Licensing
Learning Activity
NJ Licensing Case
Study
Must be
completed
by 10pm
MT
NJ SAFE Mortgage
Law Part 2
NJ Mortgage Law
Chapters 3 & 4
Evaluation
N/A
Post answers to
licensing
questions on
Licensing Forum
Submit memo to
instructor by 5pm
MT
Complete chapter
quizzes and course
final
Complete
evaluation
20 Minutes
20 Minutes
100 Minutes
5 Minutes