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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 Banking Department, New
York State Law and Regulation Definitions, New York License Law and Regulation, Compliance,
Disciplinary Action, and New York Real Property Law.
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.
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 mortgage regulatory agencies, definitions,
license law, and regulation. It consists of the following sections:
Introduction
Acts and Code
Definitions
NY License Law and Regulation
Exemptions
Mortgage Banker's License Application Requirements
Mortgage Broker's License Application Requirements
Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter One.
NY Mortgage Law Chapter 2: Chapter Two covers record keeping for bankers and brokers as
well as licensing requirements for MLO's. It consists of the following sections:
Record Keeping
Mortgage Loan Originators Requirements
Exemptions
Application Requirements
Renewal
Inactive Status
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Two.
Fraud Case Study: 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.
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 compliance and disciplinary action as well
as distressed property consulting contracts. It consists of the following sections:
Prohibited Conduct
Mortgage Brokers Prohibited Conduct
Mortgage Broker Application Disclosures and Procedures
Required Disclosures
Mortgage Banker and Exempt Organizations Required Conduct
Mortgage Banker and Exempt Organizations Disclosures
Advertising
Discrimination
Investigations
Revocation
Penalties and Fines
Criminal Liability
Distressed Property Consulting Contracts
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!
Must be
completed
by 3pm MT
Must be
completed
by 8pm MT
Topics and
Activities
NY SAFE Mortgage
Law Part 1
Reading Due
Assignments Due
Instruction Time
Allocation
Introduction
NY Mortgage Law
Chapters 1 & 2
Complete chapter
quizzes
80 Minutes
NY Fraud Case
Study
NY SAFE Mortgage
Law Part 2
NY Mortgage Law
Chapter 3
Evaluation
N/A
Submit review of
predatory loans to
instructor by 3pm
MT
Complete chapter
quizzes and course
final
Complete
evaluation
20 Minutes
75 Minutes
5 Minutes