4 Hour Mortgage Loan Originator NJ SAFE Course

Course Syllabus
Monday, Wednesday, Friday 8am - 8pm MT

Welcome to our New Jersey 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 NJ specific education requirement for NJ 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.

Course Description
During this course, we will cover the New Jersey SAFE Act and several of the regulations that
accompany it. This course is divided into sections that cover: The New Jersey Department of
Banking and Insurance, New Jersey State Law and Definitions, The New Jersey Residential
Mortgage Lending Act and Regulations, Compliance, Disciplinary Action, and The New Jersey
Home Ownership Security Act of 2002.

Course Dates and Times

This course is offered Monday, Wednesday, and Friday from 8am to 8pm 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 Department of Banking and Insurance;
Outline the requirements to obtain a license in New Jersey; 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 New Jersey law.

NJ 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.

NJ Mortgage Law Chapter 1: Chapter One covers the New Jersey Department of Banking and
Insurance as well as New Jersey State Law and Regulation Definitions. It consists of the
following sections:
Introduction
Acts and Code
Definitions

NJ Mortgage Law Chapter 2: Chapter Two covers the New Jersey Residential Mortgage Lending
Act and Regulations. It consists of the following sections:

Qualified Individual Licensee

Exemptions
Background Check
Business Licensee
Business Licensee Bond
Fees
Required Notification
Reporting Requirements
 Criminal Check
Credit Check
Required Education
Testing
Continuing Education

NJ Licensing Learning Activity: The student will be directed to the Department's website where
they will read through the Mortgage Loan Originator licensing requirements. After they have
read the information, they will answer the questions and post them on the Licensing Forum.

NJ 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.

The student will submit their completed assignment to their instructor for grading.

This assignment must be completed and submitted by 3pm 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.

NJ SAFE Mortgage Law Part 2

NJ Mortgage Law Chapter 3: Chapter Three covers compliance and consists of the following
sections:
Prohibited Conduct
License Name
License Changes
Required Provisions
Required Actions
Required Disclosures
Fees
Advertising
Special Rules for Brokers

NJ Mortgage Law Chapter 4: Chapter Four covers disciplinary action and additional state
regulations. It consists of the following sections:
Disciplinary Action
Suspension, Revocation, and Cease and Desist Orders
Penalties
Civil Liability
 Abusive Mortgage Lending
Prohibited Fees
Enforcement
Penalties
Civil Actions
Good Faith

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 8pm 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 four 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 M,W,F 8am MT to 8pm MT
Topics and Instruction Time
Schedule Reading Due Assignments Due
Activities Allocation
Introduction
Complete chapter
NJ Mortgage Law 100 Minutes
quizzes
Chapters 1 & 2
Post answers to
Must be
NJ SAFE Mortgage NJ Licensing licensing
completed 20 Minutes
Law Part 1 Learning Activity questions on
by 3pm MT
Licensing Forum
Submit memo to
NJ Licensing Case
instructor by 3pm 20 Minutes
Study
MT
Complete chapter
NJ SAFE Mortgage NJ Mortgage Law
Must be quizzes and course 100 Minutes
Law Part 2 Chapters 3 & 4
completed final
by 8pm MT Complete
Evaluation N/A 5 Minutes
evaluation