3 Hour NY SAFE Mortgage Law Update 2017 SAFE CE

Course Syllabus

Welcome to our New York SAFE CE State Law Course. We are excited to assist you in furthering
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 New York specific education requirement for New
York mortgage loan originator continuing education.

Course Description
This course consists of three chapters which review New York's mortgage laws and the
corresponding state rules.

Course Dates and Times

This course is offered for the 2017 license renewal period. In order to ensure timely reporting
to NMLS, this course must be completed by December 19, 2017 to meet their smart renewal
deadline. If you complete this course after December 19, 2017, we cannot ensure that it will be
reported in time for an on time renewal. PLEASE NOTE: This course expires on December 31,
2017 and will not be available to complete after this date.

Course Objectives
Upon completing this course, you should be able to do the following:
Understand the scope and applicability of New York mortgage laws and rules
Comply with the requirements for licensees under the applicable laws and rules
Protect the public by following the requirements set forth in the rules and laws

Grading Policy
The course consists of slides mixed with comprehension questions. Each individual quiz
question is timed. If you do not answer the quiz question within the allotted time, the course
will time out. At this point, you will be redirected to your dashboard and upon re-opening the
course, you will be required to repeat the section prior to the quiz question.

At the end of the course, you will be required to take and pass a final exam. This course is
timed as a one hour course. You must answer all of the comprehension questions correctly and
score 80 percent on all quizzes and tests to receive credit for the course. You may retake
course quiz questions until you pass, but you be allowed only 10 retakes of the course final.

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 not 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 mailing address is 42 North, 200 East, Ste. 3, American Fork, UT 84003. Our
telephone number is 801-492-9933 and our support email is support@praedo.com.

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 three chapters, each covering different aspects of New York mortgage
law.

NY SAFE CE 2017
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 Update 2017 Chapter 1: Chapter One consists of the following sections:
High Cost and Subprime Loans; Fair Lending; Distressed Property; Home Equity Theft
Prevention
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

NY Mortgage Law Update 2017 Chapter 2: Chapter Two consists of the following sections:
Mortgage Disclosures and Advertising
Broker Application Disclosures and Procedures
Fees and Charges, Notifications, Etc.
Notifications Rate of Interest and Permitted Charges
Notifications Disclosure
Limitations on Late Charges
Right to a Copy of Real Property Appraisals
Chapter Quiz

NY Mortgage Law Update 2017 Chapter 3: Chapter Three consists of the following sections:
Introduction
Exemptions
Prelicensing Education
Continuing Education
Prohibited Conduct
Administrative Action and Penalties
Restitution
License Revocation
Good Cause Suspension
Notification
Civil and Criminal Liability
Fines
Violations and Penalties
Superintendent
Record Keeping
Reporting
Personal Information Updates and Required Notification
Case Study
Chapter Quiz
Course Final: 25 question final covering all of the material discussed in the course

Course Evaluation: Students will be allowed to give feedback regarding the course.

Course Schedule
This course consists of the three chapters outlined below. The requirements for each chapter
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 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

Module Reading Assignments Due Instruction Time
Allocation (Minutes)
Introduction Course Introduction Quiz Question 3
High Cost and
Subprime Loans; Fair
Lending; Distressed
Chapter 1 Quiz Question 5
Property; Home
Equity Theft
Prevention
Limitations on High-cost
Chapter 1 Quiz Question 5
Loans
Chapter 1 Prohibited Acts and Practices Quiz Question 2
Unfair and Deceptive Acts or
Chapter 1 Quiz Question 4
Practices
Chapter 1 Subprime Loans Quiz Question 9
Chapter 1 Exclusions Quiz Question 1
Chapter 1 Meanings Quiz Question 2
Chapter 1 Fair Lending Quiz Question 8
Chapter 1 Penalties Quiz Question 3
Distressed Property and
Chapter 1 Home Equity Theft Quiz Question 5
Prevention
Chapter 1 N/A Chapter Quiz 3
Mortgage Disclosures and
Chapter 2 Quiz Question 11
Advertising
Broker Application
Chapter 2 Quiz Question 12
Disclosures and Procedures
Fees and Charges,
Chapter 2 Quiz Question 4
Notifications, Etc.
Notifications Rate of
Chapter 2 Interest and Permitted Quiz Question 11
Charges
Chapter 2 Notifications - Disclosure Quiz Question 5
Chapter 2 Limitations on Late Charges Quiz Question 1
Right to a Copy of Real
Chapter 2 Quiz Question 4
Property Appraisals
Chapter 2 N/A Chapter Quiz 5
Chapter 3 Introduction Quiz Question 1
Chapter 3 Exemptions Quiz Question 4
Chapter 3 Prelicensing Education Quiz Question 1
Chapter 3 Continuing Education Quiz Question 1
Chapter 3 Prohibited Conduct Quiz Question 6
Administrative Action and
Chapter 3 Quiz Question 4
Penalties
Chapter 3 Fines Quiz Question 10
Chapter 3 Violations and Penalties Quiz Question 2
Chapter 3 Record Keeping Quiz Question 3
Chapter 3 Reporting Quiz Question 3
Personal Information
Chapter 3 Updates and Required Quiz Question 3
Notifications
Chapter 3 Case Study Quiz Questions 8
Chapter 3 N/A Chapter Quiz 3
Comprehensive
Course Final N/A 20
Course Final
Course
N/A Student Feedback 5
Evaluation
Total Course Time (Minutes) 177