You are on page 1of 5

4 Hour Mortgage Loan Originator Arizona SAFE Course Course Syllabus

Welcome to our Arizona 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 four hour Arizona specific education requirement for Arizona loan originator license applicants. If you are taking this course, you should have completed at least 16 hours of NMLS approved education at another time. This course will also help you prepare for the Arizona component of the SAFE exam. Course Description During this course we will review the basic requirements of Arizona mortgage laws and regulations including Arizona mortgage loan originator licensing laws. 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: Understand the basic requirements of Arizona mortgage law; Recognize the Arizona law provisions related to the regulation of mortgage lending; Describe the different types of licenses available in Arizona; Comply with the provisions of Arizona mortgage law as it applies to you. You should also be prepared to pass the Arizona component of the SAFE exam.

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. 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 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 Arizona law. AZ Mortgage Law Part 1 (1.5 hours) 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. Arizona Law Loan Originator Licensing Law: This chapter covers the laws and regulations which directly affect individual loan originators. It consists of the following sections: Loan Originator Licensing Requirements Definitions Scope of Licensing Requirements Exemptions License Application Requirements License Renewal Inactive Licenses Denial, Suspension or Revocation of Licenses Licensee Conduct

Arizona Licensing Case Study: The student will identify and evaluate different scenarios regarding an individual's ability to obtain a Mortgage Loan Originator license in Arizona. 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. AZ Mortgage Law Part 2 (2.5 hours) Arizona Mortgage Law: Laws and Regulations Chapter 1: Chapter One covers mortgage broker licensing requirements. It consists of the following sections: Mortgage Brokers Depository Institutions License Requirements Arizona Mortgage Law: Laws and Regulations Chapter 2: Chapter Two covers the requirements imposed upon mortgage brokers in maintaining or keeping their licenses. It consists of the following sections: License Maintenance

Record Keeping Requirements Non-Institutional Investors Prohibited Acts Arizona Mortgage Law: Laws and Regulations Chapter 3: Chapter Three covers the licensing requirements for mortgage bankers and commercial mortgage bankers. It consists of the following sections: Mortgage Bankers Commercial Mortgage Bankers Mortgage Law Mortgages Trust Deeds Arizona DFI Learning Activity: The student will read through dockets on the Arizona Department of Financial Institutions website. They will choose two dockets and write a summary about what statute or rules the mortgage loan originator violated. They will then explain how they could protect themselves from similar situations. The student will submit their completed assignment to their instructor for grading. 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. Please note that the times are estimated, it may take you more or less time to complete the course material than specified in this outline. Regardless of the time it takes you to complete this course, it is approved as a four hour course and must be completed in its entirety in order for you to receive credit.

Course Outline and Schedule Schedule Topics and Activities AZ SAFE Mortgage Law Part 1 Reading Due Introduction Arizona Law Loan Originator Licensing Law Assignments Due Instruction Time Allocation

Monday or Thursday

Complete chapter quizzes & test Complete evaluation assignment and submit to instructor Complete chapter quizzes and course final Complete review of infractions and submit to instructor Complete evaluation

60 Minutes

Tuesday or Friday

Arizona Licensing Case Study

Case study scenarios Arizona Mortgage Law: Laws and Regulations Chapters 1, 2, & 3 Read dockets on DFI website N/A

20 Minutes

AZ SAFE Mortgage Law Part 2 Wednesday or Saturday

100 Minutes

Arizona DFI Learning Activity Evaluation

20 Minutes

5 Minutes

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 any assistance at any time. Enjoy the course!