1 Hour NM SAFE Mortgage Law Update 2014 SAFE CE

Course Syllabus

Welcome to our New Mexico 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 one hour New Mexico specific education requirement for
New Mexico mortgage loan originator continuing education.

Course Description
During this course we will review the New Mexico Mortgage Loan Originator Licensing Act (MLOLA),
the Home Loan Protection Act (HLPA), and the corresponding state rules.
Course Dates and Times
This course is offered for the 2014 license renewal period. In order to ensure proper reporting
to NMLS before all mortgage loan originator licenses expire on December 31, 2014, this course
must be completed by December 21, 2014.

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

Grading Policy
The course consists of slides mixed with comprehension questions. Each chapter includes a
chapter quiz. At the end of the final chapter, 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 two chapters, each covering different aspects of New Mexico Law.

NM SAFE CE 2014
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.

NM Mortgage Law Update 2014 Chapter 1: Chapter One covers the implementation of the
SAFE Act. It consists of the following sections:
Overview of Acts and State Code
Definitions and Explanations
Exemptions
License Renewal
Enforcements, Violations, Penalties
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.





NM Mortgage Law Update 2014 Chapter 2: Chapter 2 covers the mortgage broker and director
duties. It consists of the following sections:
Court Action
Loan Originator Duties
Good Business Reputation
Prohibited Practices and Provisions
Case Study
High-Cost Home Loans
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Two.
Course Final: 15 question final covering all of the material discussed in Chapters One
and Two.

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

Course Schedule
This course consists of the two 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 one 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 2
Chapter 1
Overview of Acts and
state code
Quiz Question 2
Chapter 1
Definitions and
Explanations
Quiz Question 2
Chapter 1 Exemptions Quiz Question 2
Chapter 1 License Renewal Quiz Question 2
Chapter 1
Enforcements,
Violations, Penalties
Quiz Questions 7
Chapter 1 N/A End of Chapter Quiz 5
Chapter 2 Court Action Quiz Question 1
Chapter 2
Powers and Duty of
the Director
Quiz Question 1
Chapter 2
Loan Originator
Duties
Quiz Question 2
Chapter 2
Good Business
Reputation
Quiz Question 2
Chapter 2
Prohibited Practices
and Provisions
Quiz Questions 6
Chapter 2 Case Study Quiz Questions 4
Chapter 2
High-Cost Home
Loans
Quiz Questions 9
Chapter 2 N/A End of Chapter Quiz 5
Course Final N/A End of Course Final 7
Course Evaluation N/A Student Feedback 1
Total Course Time (Minutes) 60