3 Hour Mortgage Loan Originator New York SAFE Course

Course Syllabus
Monday, Wednesday, Friday 8am - 8pm MT

Welcome to our New York 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 three hour NY specific education requirement for NY loan
originator license applicants. If you are taking this course, you should have completed at least
17 hours of NMLS approved education at another time.

Course Description
During this course, we will cover the NY SAFE Act and several of the regulations that accompany
it. This course is divided into sections that cover: New York State laws and regulations
pertaining to High Cost and Subprime Loans, Fair Lending, Distressed Property and Home Equity
Theft Prevention; New York State laws and regulations pertaining to prohibited conduct and
practices, required conduct, licensing requirements, regulatory reporting, disciplinary action,
books and records and the Department regulatory authority; and New York State laws and
regulations governing mortgage disclosure, advertisement, fees and charges, appraisals and
reporting of crimes.

Course Dates and Times

This course is offered Monday, Wednesday, and Friday from 8am to 8pm 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.

"All course completion requirements, reading, assignment, and student/instructor interaction is

to be completed within this 12 hour period."

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. Once your course session opens, you will be able to contact your
instructor via the "Contact Instructor" button on your home page.

Course Objectives
Upon completing this course, you should be able to do the following:
Explain the role of state regulators;
Outline the requirements to obtain a license in New York;
Explain the duties and obligations imposed upon a licensee; and
Know the unique regulations that New York deems important for this course of study.

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 at least 80 percent on all quizzes. You must also pass the final exam with a
score of at least 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 hour of
assignment submission. Once your assignment has been graded and passed, your instructor
will allow you access to the next part of your course. If your assignment is rejected by your
instructor, you will need to re-do and re-submit the assignment, it will then be graded within
one hour of re-submission.

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 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 York law.

NY 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.

NY Mortgage Law Chapter 1: Chapter One covers New York State laws and regulations
pertaining to High Cost and Subprime Loans, Fair Lending, Distressed Property and Home Equity
Theft Prevention. It consists of the following sections:
Introduction
High Cost and Subprime Loans
Limitations on High-cost Loans
Prohibited Acts and Practices
Unfair and Deceptive Acts or Practices
Subprime Loans
Exclusions
Meanings
Fair Lending
Penalties
Distressed Property and Home Equity Theft Prevention
 Chapter Quiz: 8 question quiz covering all of the material discussed in Chapter One.

NY Mortgage Law Chapter 2: Chapter Two covers New York State laws and regulations
pertaining to prohibited conduct and practices, required conduct, licensing requirements,
regulatory reporting, disciplinary action, books and records and the Department regulatory
authority. It consists of the following sections:
Exemptions
Prelicensing Education
Continuing Education
Prohibited Conduct
Administrative Action and Penalties
Restitution
License Revocation
Good Cause Suspension
Notification
Civil and Criminal Liability
Fines
Disciplinary Action
Prohibited Conduct
Violation and Penalties
Superintendent
Record Keeping
Reporting
Personal Information Updates and Required Notifications
Chapter Quiz: 8 question quiz covering all of the material discussed in Chapter Two.

Fraud Learning Activity: The student will be directed to the Department's website where they
will read an article titled "Avoiding Dangerous or 'Predatory' Loans". They will select three
different loan types and explain why they are considered dangerous or predatory. They will
post their explanations on the Fraud Forum and comment on another students post.

NY 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 3pm 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.
NY SAFE Mortgage Law Part 2
NY Mortgage Law Chapter 3: Chapter Three covers New York State laws and regulations
governing mortgage disclosure, advertisement, fees and charges, appraisals and reporting of
crimes. It consists of the following sections:
Mortgage Disclosures and Advertising
Broker Application Disclosures and Procedures
Notifications
Rate of Interest and Permitted Charges
Disclosure
Limitation on Late Charges
Right to a Copy of Real Property Appraisals
Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter Three.

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 8pm 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 three 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!
 Course Outline and Schedule M,W,F 8am MT to 8pm MT
Topics and Instruction Time
Schedule Reading Due Assignments Due
Activities Allocation
Introduction
Complete chapter
NY Mortgage Law 80 Minutes
quizzes
Chapters 1 & 2
Must be
NY SAFE Mortgage NY Fraud Learning Post explanations
completed 20 Minutes
Law Part 1 Activity on Fraud Forum
by 3pm MT
Submit memo to
NY Licensing Case
instructor by 3pm 20 Minutes
Study
MT
Complete chapter
NY SAFE Mortgage NY Mortgage Law
Must be quizzes and course 75 Minutes
Law Part 2 Chapter 3
completed final
by 8pm MT Complete
Evaluation N/A 5 Minutes
evaluation