10 Hour Mortgage Loan Originator Nevada SAFE Course Course Syllabus

Welcome to our Nevada 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 10 hour Nevada specific education requirement for Nevada 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 Nevada component of the SAFE exam. Course Description During the first part of this course we will cover the Nevada SAFE Act and several of the regulations that accompany it. The second part of the course focuses on Federal Laws and Nontraditional Mortgages. 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 Division of Mortgage Lending of the Department of Banking and Industry; Outline the requirements to obtain a license in Nevada; Explain the duties and obligations imposed upon a licensee. Explain the Final Rule on Mortgage Loan Originator Qualification and Compensation Practices Understand the Qualified Mortgage Rule

Apply lessons learned from the advertising enforcement activities Analyze situations and properly evaluate them in the context of fair lending compliance Explain the USDA Rural Housing Program and requirements Understand the 203k program Understand the changes resulting from the Dodd-Frank bill and how the CFPB impacts the mortgage industry

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. You may retake course quiz questions until you pass, but you are allowed only 10 retakes of the course final. 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 Nevada and Federal law. NV 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. Nevada Mortgage Law Chapter 1: Chapter One introduces the Nevada Division of Mortgage Lending and Nevada State Law and regulation definitions. It consists of the following sections: Overview of Acts and Code Regulatory Authority Definitions Nevada Mortgage Law Chapter 2: Chapter Two covers license law and regulation compliance for mortgage bankers, mortgage brokers and mortgage agents. It consists of the following sections: Mortgage Bankers - Qualifications Mortgage Bankers - License Issuance Mortgage Bankers - Record Keeping Mortgage Bankers - Reporting Mortgage Brokers - Exemptions Mortgage Brokers - Qualifications Mortgage Brokers - Bonds Mortgage Brokers - Pre-licensing Education Mortgage Brokers - License Denial Mortgage Brokers - Continuing Education Mortgage Brokers - License Renewal Mortgage Brokers - Record Keeping and Reporting Mortgage Agent - Qualifications Mortgage Agent - License Issuance

 Mortgage Agent - Financial Responsibilities Mortgage Agent - License Expiration and Renewal Nevada Mortgage Law Chapter 3: Chapter Three covers compliance for mortgage bankers, mortgage brokers, and mortgage agents. It consists of the following sections: Unfair Lending Practices Prohibited Practice Mortgage Fraud Mortgage Bankers - Disclosures Mortgage Bankers - Qualified Employee Mortgage Bankers - Advertising Mortgage Brokers - Prohibited Conduct and Practices Mortgage Brokers - Written Appraisals Mortgage Brokers - Change in Ownership Mortgage Brokers - Fiduciary Obligation of Licensee to Client Mortgage Brokers - Escrow Account Mortgage Brokers - Trust Account Mortgage Brokers - Investor Trust or Escrow Accounts Mortgage Brokers - Working with Mortgage Agents Mortgage Brokers - Disclosures Mortgage Brokers - Advertising Mortgage Agent - Prohibited Conduct Mortgage Agent - Required Conduct Mortgage Agents and Mortgage Brokers - Advertising Nevada Mortgage Law Chapter 4: Chapter Four covers disciplinary action and Nevada unique test areas. It consists of the following sections: Disciplinary Action Investigations Orders to Cease and Desist Subpoenas Hearings Mortgage Broker Fines Mortgage Agent Fines Civil Actions Penalties for Violating Escrow or Trust Account Laws Mortgage Fraud Advertisement Penalties Criminal Liability

Loan Modification

Nevada Administrative Orders Case Study: The student will read through three orders to identify reasons why a disciplinary action may have been taken against an individual. 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. NV Mortgage Law Part 2 Federal Law Review Chapter 1: Chapter One explains the basic requirements of the LO Compensation Rule. It consists of the following sections: LO Compensation Rule Payments Based on Transaction Terms Reducing LO Compensation on a Transaction Other Compensation Issues Case Study Federal Law Review Chapter 2: Chapter Two covers how to advertise in a compliant manner. It consists of the following sections: Advertising Commercial Communication Prohibited Representations Record Keeping Requirements Case Study Federal Law Review Chapter 3: Chapter Three reviews the Ability-to-Repay and Qualified Mortgage Rule. It consists of the following sections: Ability to Repay and QM Rule Case Study Federal Law Review Chapter 4: Chapter Four covers the complicated Fair Lending federal statutes and rules. It consists of the following sections: Why do we care about Fair Lending Department of Justice Consumer Financial Protection Bureau Fair Housing Act Equal Credit Opportunity Act Types of Discrimination

Nontraditional Mortgage Chapter 1: Chapter One introduces and explains the USDA Rural Housing Program. It consists of the following sections: USDA Rural Housing Program Definitions and Explanations Purpose of the Rural Housing Program Eligible Use of Funds Restrictions of the Use of Funds Applicant Eligibility Requirements Site Requirements Case Study Nontraditional Mortgage Chapter 2: Chapter Two includes an overview of the 203k program. It consists of the following sections: Overview of the 203k Program Specifics of the Program How Can You Use 203k? Definitions Application Process Case Study 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. 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 ten 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 Schedule Topics and Activities Reading Due Introduction Nevada Mortgage Law Chapters 1, 2, 3&4 Administrative Orders Case Study Federal Law Chapters 1, 2, 3, & 4 Nontraditional Mortgage Chapters 1&2 N/A Assignments Due Complete chapter quizzes Submit review of disciplinary actions to instructor Complete chapter quizzes Complete chapter quizzes and course final Complete evaluation Instruction Time Allocation 210 Minutes

Monday or Thursday

NV SAFE Mortgage Law Part 1

30 Minutes

Tuesday or Friday

Wednesday or Saturday

NV SAFE Mortgage Law Part 2 NV SAFE Mortgage Law Part 2 Evaluation

240 Minutes

115 Minutes 5 Minutes