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7/28/2019 Syllabus SAFE 20 Hour MD Comprehensive PE
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20 Hour Mortgage Loan Originator Maryland SAFE Comprehensive Course
Course Syllabus -- 7 Day
(14 Day Schedule included at the bottom of this document)
Welcome to our Maryland SAFE Comprehensive 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 20 hour SAFE education requirement for mortgage originator
licensure for the state of Maryland. This course will also prepare you for the National
Component of the SAFE Mortgage Loan Originator Exam as well as the Maryland component of
the SAFE exam.
Course Description
Along with the 20 hours of SAFE required education, this course includes 5 hours of Maryland
Law as well as information related to loan qualification and the loan process. Included in the
course are 1 hour of Maryland Mortgage Originator Law and Mortgage Originator Regulations,
1 hour of Maryland Mortgage Lender Law and Mortgage Lender Regulations, 1 hour of Interest
and Usury laws, Maryland Equal Credit Opportunity Act, Credit laws, Real Property Law,
Administrative Procedures Act, Criminal Law (including issuing counterfeit private instruments
and documents), and any other subsequent act(s) or regulation(s) applying to mortgage lenderor mortgage loan originators and 2 hours of Maryland finders fee law. This course meets MD-
OCFR's new requirements. This course satisfies the Maryland SAFE requirement. Included in this
course are: discussion forums, interactive content, practice questions, and live instructor
support.
Course Dates and Times
This course begins on Tuesday at 8:00am Mountain Time 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.
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Course Objectives
Each of the individual modules in this course include learning objectives applicable to the
individual module itself. Our course is meant to give you an introduction to the mortgage
industry. Upon completing this course, you should be able to do the following: Define basic mortgage terms; Perform mathematical calculations common to the mortgage industry; Explain certain mortgage concepts to potential borrowers; Comply with applicable federal laws related to the mortgage industry. You should also be able to pass the National Component of the SAFE Mortgage Loan
Originator Exam as well as the Maryland component of the SAFE exam.
Grading Policy
Most of the sections in this course consist of slides mixed with comprehension questions. Eachchapter includes a chapter quiz, and most sections include a course final. 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 course
section final exams with a score of 80 percent in order to receive credit for the course. Please
remember, your course does include a completion deadline.
Several of the modules also include case studies, which involve the completion of a certain
project. The details for the individual case studies are found in the course.
Our course includes 8-10 learning activities. In each of the learning activities, you will be
required to either post comments on our discussion forum or email an assignment to your
instructor for grading. Instructions for the learning activities are included in the course.
Your course consists of five parts. At the end of each 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 next 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 that part.
Course Policies
Each student is required to sign an Identity Affidavit. By signing this agreement, 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
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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 SupportAs 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
[email protected]. 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. The course will not launch properly
unless your computer has the most recent versions of Flash Player (www.adobe.com)and Java
(www.java.com)correctly installed. Please carefully review the introduction module for
instructions on using our online system.
Course Outline
This course consists of five parts, each covering different aspects of the Secure and Fair
Enforcement for Mortgage Licensing Act of 2008 (SAFE Act).
SAFE 20 Hour Pre-licensing Course 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.
SAFE Part One: Consumer Protection (6 Hours)
Learning Activity Welcome: The student will follow the instructions to make a post about
themselves.
Consumer Protection Chapter 1: Chapter One covers the Gramm-Leach-Bliley Act. It consists of
the following sections:
Privacy Rule Safeguard Rule Pre-texting
Consumer Protection Chapter 2: Chapter Two covers the Do Not Call Rules. It consists of the
following sections:
Do Not Call Registry
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Do Not Fax RulesConsumer Protection Chapter 3: Chapter Three covers the Red Flags Rule. It consists of the
following sections:
Definitions
Red Flag Rule Requirements Identifying Red Flags
Learning Activity Consumer Protection: The student will follow instructions to post
information on the discussion forum regarding consumer protection.
Identity Theft Case Study: The student will review information on the Federal Trade
Commission's web site and answer related questions.
Learning Activity Identity Theft: After reviewing the information from the case study, thestudent will follow instructions to post remarks on the discussion forum.
Fair Lending & Housing Chapter 1: Chapter One covers the Fair Housing Act, the Equal Credit
Opportunity Act, and the Home Mortgage Disclosure Act. It consists of the following sections:
Fair Housing Act Equal Credit Opportunity Act Home Mortgage Disclosure Act
Fair Lending & Housing Chapter 2: Chapter Two covers the Fair Credit Reporting Act and the
Fair and Accurate Credit Transaction Act. It consists of the following sections: Fair Credit Reporting Act Fair and Accurate Credit Transaction Act
Fair Lending & Housing Chapter 3: Chapter Three covers the governmental agencies who
participate in regulating the mortgage industry. It consists of the following sections:
Role of the Federal Reserve Role of the Federal Trade Commission Role of the Department of Housing and Urban Developments
Hud Case Study: The student will review information on the HUD web site and answer related
questions with regard to Fair Housing.
Learning Activity Fair Housing: After completing the HUD case study, the student will follow
instructions to post a scenario on the discussion forum.
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Loan Fraud & Ethics Chapter 1: Chapter One will introduce you to the definition of loan fraud
and different types of loan fraud. It consists of the following sections:
Introduction to Loan Fraud Definition of Loan Fraud
Consequences of Loan Fraud Types of Fraud
Loan Fraud and Ethics Chapter 2: Chapter Two will review popular loan fraud schemes and
loan fraud statistics. This chapter also discusses ways to detect fraud and licensee obligations
when it comes to loan fraud. It consists of the following sections:
Common Loan Fraud Schemes Short Sale Fraud MARI Fraud Index
Loan Fraud Case Study: The student will review information on the FBI's web site and answerrelated questions with regard to fraud.
Learning Activity Loan Fraud & Ethics: The student will search the Internet for two examples of
loan fraud and report their findings to their instructor through the internal email system.
SAFE Part Two: Federal Law (5 Hours)
Non-Traditional Mortgage Products Chapter 1: Chapter One introduces the student to non-
traditional mortgage products. It consists of the following sections: Introduction to the Industry Definition of the Industry Product Overviews
Non-Traditional Mortgage Products Chapter 2: Chapter Two covers federal guidance of the
non-traditional mortgage industry. It consists of the following sections:
Interagency Guidance on Nontraditional Mortgage Product Risks Loan Terms and Underwriting Standards Portfolio and Risk Management Practices Consumer Protection Issues Statement on Sub-prime Mortgage Lending Predatory Lending Prepayment Penalties Reduced Documentation Payment Shock
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Workout Arrangements Consumer Protection Principles
RESPA Chapter 1: Chapter One introduces RESPAs provisions regarding disclosure of costs and
record keeping. It consists of the following sections: Purposes of the Real Estate Settlement Procedures Act Scope of RESPA Exempt Transactions Definitions Advance Disclosure of Costs - Good Faith Estimate
RESPA Chapter 2: Chapter Two explains RESPAs kickbackand referral fee provisions. It
consists of the following sections:
Eliminate Kickbacks and Referral Fees Common RESPA Violations
RESPA Chapter 3: Chapter Three covers affiliated business arrangements and servicing
requirements set forth in RESPA. It consists of the following sections:
Affiliated Business Arrangements Servicing Issues
Learning Activity RESPA: The student will follow the instructions to post a comment on the
discussion forum regarding RESPA.
TILA Chapter 1: Chapter One introduces the Truth in Lending Act and includes definitions aswell as information on APR and advertising. It consists of the following sections:
Definitions Annual Percentage Rate Advertising Rules Trigger Terms Required Disclosures
TILA Chapter 2: Chapter Two covers disclosure and the right to cancel. It consists of the
following sections:
Disclosure Requirements Early Disclosures Early Disclosure and Closing Collecting Fees Changes During the Transaction Right of Rescission
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High-Cost Loans Additional Disclosures Higher-priced Loans
TILA Chapter 3: Chapter Three covers loan officer compensation. It consists of the following
sections: LO Compensation Rule Payments Based on Transaction Terms Reducing LO Compensation on a Transaction Other Compensation Issues Final Rule and Official Staff Commentary Safe Harbor Presenting Loan Options
TILA Chapter 4: Chapter Four Covers the ability to repay and QM rule. It consists of the
following section: Ability to Repay and QM Rule
Learning Activity TILA: The student will follow the instructions to search the Internet to find
mortgage ads which include trigger terms. They will complete an assignment and submit it to
their instructor through the internal email system.
SAFE Part Three: Industry Basics (4 Hours)
Industry Chapter 1: Chapter One reviews the structure of the mortgage industry. It consists ofthe following sections:
Structure of the Mortgage Industry The Primary Market The Secondary Market Mortgage Brokers Mortgage Lenders/Bankers Secondary Market Transactions The Capital Market
Industry Chapter 2: Chapter Two discusses the basic mortgage categories. It consists of thefollowing sections:
Mortgage Industry Overview Purchase Transactions Rate/Term Refinance Cash-Out Refinance
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Learning Activity Loan Process: Qualification: The student will complete an assignment based
on qualification calculations and submit their work to their instructor through the internal email
system.
SAFE Part Four: Maryland Mortgage Law (5 Hours)
Maryland Mortgage Law Chapter 1: Chapter One covers mortgage regulatory agencies,
definitions and relevant state law. It consists of the following sections:
Mortgage Regulatory Agencies Acts and Code Definitions Relevant State Law License Required Mortgage Loan Originators
Maryland Mortgage Law Chapter 2: Chapter Two covers license law and regulation for
mortgage lenders. It consists of the following sections:
Persons Required to be Licensed Multiple Licenses Exemptions Not Required to be Licensed License Qualifications The Application Surety Bond Investigation License Renewal
Maryland Mortgage Law Chapter 3: Chapter Three covers license law and regulation for
mortgage loan originators. It consists of the following sections:
Persons Required to be Licensed The License License Qualifications The Application Financial Responsibility NMLSR Pre-licensing Education Tests License Renewal Continuing Education
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Non-active StatusMaryland Mortgage Law Chapter 4: Chapter Four covers compliance. It consists of the
following sections:
Duty of Care
Duty to Report Required Conduct Record Keeping Time Period for Records Content of Records Reporting Repayment Fees Finder's Fee Fees and Charges Service, Late, and Prepayment Charges Actual Expenses Prohibited Fees Disclosure of Right to Refund Agreements in Blank Financing Agreements Advertising Prohibited Conduct and Practices Mortgage Fraud
Maryland Mortgage Law Chapter 5: Chapter Five covers disciplinary action. It consists of the
following sections:
Investigations Order to Stop Doing Business Suspension and Revocation of Licenses Fines and Penalties Civil Liability Criminal Liability Attorney General
Enforcement Actions Case Study: The student will review three mortgage lender enforcement
action cases. To complete the assignment, the student will write a short review describing
what they have learned and what could have been done to avoid disciplinary action.
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The student will submit their completed assignment through the internal email system to their
instructor for grading.
Course Evaluation: Students will be allowed to give feedback regarding the course.
Course Schedule
This course consists of the five parts outlined below. The requirements for each part are listed
with the approximate time needed to complete each learning module. The scheduled days are
approximate as well, you are not required to follow the prescribed outline, but doing so would
allow you to complete the course in the allotted time frame. 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 20 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!
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Course Outline and Schedule - 7 Day
Schedule Topics and Activities Reading Due Assignments DueInstruction Time
Allocation (in minutes)
Day 1
MD SAFE 20 Hour
Pre-licensing CourseIntroduction
Introduction andSyllabus Submit OnlineAffidavit 10
SAFE Part One:
Consumer
Protection
Learning Activity
Welcome
Learning Activity
Instructions
Post an introduction
on the Discussion
Forum
5
Consumer Protection Chapters 1, 2, & 3Complete Chapter
Quizzes and Test100
Learning Activity
Consumer Protection
Learning Activity
Instructions
Post Information
regarding consumer
protection on theDiscussion Forum
10
Identity Theft Case
Study
Review information
on FTC's websiteComplete Quiz 10
Learning Activity
Identity Theft
Review information
on FTC's website
Post remarks on the
Discussion Forum10
Day 2
Fair Lending &
HousingChapters 1, 2, & 3
Complete Chapter
Quizzes and Test100
HUD Case StudyReview information
on HUD's websiteComplete Quiz 10
Learning Activity Fair
Housing
Review information
on HUD's website
Post a scenario on
the DiscussionForum
10
Loan Fraud & Ethics Chapters 1 & 2Complete Chapter
Quizzes and Test80
Loan Fraud Case
Study
Review Information
on FBI's websiteComplete Quiz 10
Learning Activity
Loan Fraud & Ethics
Internet search for
loan fraud examples
Report findings to
instructor20
Day 3
SAFE Part Two:
Federal Law
Non-traditional
Mortgage Products
Chapters 1 & 2Complete Chapter
Quizzes and Test80
RESPA Chapters 1, 2, & 3Complete Chapter
Quizzes and Test90
Learning Activity
RESPAN/A
Post a comment on
the Discussion
Forum regarding
RESPA
10
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Course Outline and Schedule - 14 Day
Schedule Topics and Activities Reading Due Assignments DueInstruction Time
Allocation (in minutes)
Days 1-2
WV SAFE 22 Hour
Pre-licensing CourseIntroduction
Introduction andSyllabus Submit OnlineAffidavit 10
SAFE Part One:
Consumer
Protection
Learning Activity
Welcome
Learning Activity
Instructions
Post an introduction
on the Discussion
Forum
5
Consumer Protection Chapters 1, 2, & 3Complete Chapter
Quizzes and Test100
Learning Activity
Consumer Protection
Learning Activity
Instructions
Post Information
regarding consumer
protection on theDiscussion Forum
10
Identity Theft Case
Study
Review information
on FTC's websiteComplete Quiz 10
Learning Activity
Identity Theft
Review information
on FTC's website
Post remarks on the
Discussion Forum10
Days 3-4
Fair Lending &
HousingChapters 1, 2, & 3
Complete Chapter
Quizzes and Test100
HUD Case StudyReview information
on HUD's websiteComplete Quiz 10
Learning Activity Fair
Housing
Review information
on HUD's website
Post a scenario on
the DiscussionForum
10
Loan Fraud & Ethics Chapters 1 & 2Complete Chapter
Quizzes and Test80
Loan Fraud Case
Study
Review Information
on FBI's websiteComplete Quiz 10
Learning Activity
Loan Fraud & Ethics
Internet search for
loan fraud examples
Report findings to
instructor20
Days 5-6
SAFE Part Two:
Federal Law
Non-traditional
Mortgage Products
Chapters 1 & 2Complete Chapter
Quizzes and Test80
RESPA Chapters 1, 2, & 3Complete Chapter
Quizzes and Test90
Learning Activity
RESPAN/A
Post a comment on
the Discussion
Forum regarding
RESPA
10
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Days 7-8
TILA Chapters 1, 2, 3, & 4Complete Chapter
Quizzes and Test110
Learning Activity
TILA
Internet search for
trigger terms
Report findings to
instructor 20
Days 9-10
SAFE Part Three:
Industry Basics
Industry
Chapters 1 & 2Complete Chapter
Quizzes and Test80
Loan Process:
QualificationChapters 1, 2, & 3
Complete Chapter
Quizzes and Test100
FICO Scores Case
StudyReview credit scores Complete Quiz 10
Learning Activity
Credit ReportReview credit scores
Post a comment on
the Discussion
Forum regarding
credit scores
10
Learning Activity
Loan Process:
Qualification
N/A
Complete an
assignment based on
qualification
calculations and
submit to instructor
20
Days 11-12
SAFE Part Four:
Maryland Mortgage
Law
Maryland Mortgage
Law
Chapters 1, 2 & 3Complete Chapter
Quizzes and Test150
Days 13-14
Maryland Mortgage
Law
Chapters 4 & 5 Complete ChapterQuizzes and Course
Final
110
Enforcement Actions
Case Study
Read enforcement
action cases
Complete
assignment and
submit to
instructor
30
Evaluation N/A Complete evaluation 5
