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3 Hour Mortgage Loan Originator Rhode Island SAFE Course Course Syllabus

Welcome to our Rhode Island 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 Rhode Island specific education requirement for Rhode Island 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. This course will also help you prepare for the New Mexico component of the SAFE exam. Course Description During this course, we will review the Rhode Island SAFE Act and several of the regulations that accompany it. This course is divided into sections that cover: Definitions, Job Descriptions, License Law and Regulations, Compliance, and Disciplinary Action. 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: Explain the role of the Rhode Island Department of Business Regulation in the mortgage industry Outline the requirements to obtain a license in Rhode Island 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 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 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 Rhode Island law. RI SAFE Mortgage Law Part 1 (1 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. Rhode Island Mortgage Law Chapter 1: Chapter One covers definitions and job descriptions. It consists of the following sections: Introduction Acts and Code Definitions Job Descriptions Enforcement Actions Case Study: The student will be directed to the Department's website where they will select three enforcement actions orders to analyze. They will follow the instructions to write a review of the orders they have chosen. 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. RI SAFE Mortgage Law Part 2 (2 Hours) Rhode Island Mortgage Law Chapter 2: Chapter Two covers license law and regulation and consists of the following sections: Regulations for the Individual Licensing Exemptions Education and Testing Record Keeping and Reporting Examinations and Investigations Regulations for the Company Licensing Requirements License Maintenance Record Keeping and Reporting Company Books, Accounts, and Records Rhode Island Mortgage Law Chapter 3: Chapter Three covers compliance and it consists of the following sections: Prohibitions

Required Conduct Fees and Charges Disclosures and Agreements Reverse Mortgages RI Home Loan Protection Act

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 three hour course and must be completed in its entirety in order for you to receive credit.

Course Outline and Schedule Schedule Topics and Activities RI SAFE Mortgage Law Part 1 Monday or Thursday Enforcement Actions Case Study RI SAFE Mortgage Law Part 2 Evaluation Reading Due Introduction Rhode Island Mortgage Law Chapter 1 Enforcement action orders on Department's website Rhode Island Mortgage Law Chapters 2 & 3 N/A Assignments Due Instruction Time Allocation

Complete chapter quizzes Submit review of enforcement actions to instructor Complete chapter quizzes and course final Complete evaluation

40 Minutes

20 Minutes

Tuesday or Friday

115 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!