5 Hour Mortgage Loan Originator Maryland SAFE Course

Course Syllabus
Tuesday, Thursday, Saturday 10am - 10pm MT

Welcome to our Maryland 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 five hour Maryland specific education requirement for
Maryland loan originator license applicants. If you are taking this course, you should have
completed at least 15 hours of NMLS approved education at another time.

Course Description
During this course, we will cover the Maryland SAFE Act and several of the regulations that
accompany it.

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.

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

to be completed within this 12 hour period."
Instructor Information
Your instructor is Larry Miller. He brings over 40+ years of experience in the Mortgage and Real
Estate field. He has experience as an originator and underwriter in conventional, FHA and VA
loans. 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 the State of Maryland Department of Labor, Licensing and
Regulation, Division of Financial Regulation;
Outline the requirements to obtain a license in Maryland; and
Explain the duties and obligations imposed upon a licensee.

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 technical support via telephone and email from
7:30am to 7:00pm Central Time Monday through Thursday and 7:30am to 6:00pm Central Time
on Friday during regular business days. 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 Maryland law.

MD 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.

MD 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

MD 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
MD 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
Non-active Status

Enforcement Actions Learning Activity: The student will review enforcement orders posted on
the Departments web site. To complete the learning activity, the student will post a short
review about three different consent orders to the Enforcement Forum. They will explain what
they have learned from these examples and what could have been done for the individuals to
avoid disciplinary action. They will also comment on another students enforcement post.

MD 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.

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.

MD SAFE Mortgage Law Part 2

MD 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

MD 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

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 forum post and
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 five 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 T,TH,Sat 10am MT to 10pm MT

Topics and Instruction Time
Schedule Reading Due Assignments Due
Activities Allocation
Introduction
Maryland Complete chapter
120 Minutes
Mortgage Law quizzes
Chapters 1, 2, & 3
Must be MD SAFE
MD Enforcement Post review on
completed Mortgage Law
Actions Learning Enforcement 20 minutes
by 5pm MT Part 1
Activity Forum
Submit memo to
MD Licensing Case
instructor by 5pm 20 Minutes
Study
MT
MD SAFE Maryland
Complete chapter
Mortgage Law Mortgage Law 80 Minutes
quizzes
Must be Part 2 Chapters 4, & 5
completed MD SAFE
by 10pm Mortgage Law N/A Course Final 20 Minutes
MT Part 2
Complete
Evaluation N/A 5 Minutes
evaluation