2 Hour SAFE: Advertising and QM Rule Course Syllabus

Welcome to our two hour Advertising and QM Rule SAFE CE 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 satisfies two hours of the elective continuing education requirement under the SAFE Act. Course Description During this course we will review federal law as it relates to advertising in a compliant manner. We will also cover the Ability-to-Repay and Qualified Mortgage Rule . 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 19, 2014. Course Objectives Upon completing this course the student should be able to: Apply lessons learned from the advertising enforcement activities Understand the Ability-to-Repay and Qualified Mortgage Rule Grading Policy The course consists of slides mixed with comprehension questions. Each chapter includes a chapter quiz. At the end of the course, you will be required to take and pass a final exam. This course is timed as a two hour course. You must complete the slides in order to progress through the course. You must answer all of the comprehension questions correctly and score at least 80 percent on all quizzes and tests to receive credit for the course. You may retake course quiz questions until you pass, but you are 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 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. The first chapter covers advertising compliance as it relates to the Mortgage Acts and Practices Advertising Rule. The second chapter covers the Ability-to-Repay and Qualified Mortgage Rule. 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. (3 minutes) SAFE CE 2014 Advertising: This chapter reviews the Mortgage Acts and Practices Advertising Rule. It consists of the following sections: Advertising (5 minutes) Commercial Communication (5 minutes) Prohibited Representations (25 minutes) Record Keeping Requirements (5 minutes) Case Study (10 minutes) Chapter Quiz: 5 question quiz covering all of the material discussed in this chapter. (5 minutes) SAFE CE 2014 Ability-to-Repay and QM Rule: This chapter reviews the Ability-to-Repay and Qualified Mortgage Rule. It consists of the following sections: Ability to Repay and QM Rule (30 minutes)

Case Study (10 minutes) Chapter Quiz: 5 question quiz covering all of the material discussed in this chapter. (5 minutes) Course Final: 15 question final covering all of the material discussed in the course. (10 minutes)

Course Evaluation: Students will be allowed to give feedback regarding the course. (2 minutes) Course Schedule This course consists of the two chapters outlined below. The requirements for each part 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 an eight 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 Introduction Chapter 1 Reading Assignments Due Quiz Question Quiz Question Quiz Question Quiz Questions Quiz Question Quiz Questions End of Chapter Quiz Quiz Questions Quiz Questions End of Chapter Quiz End of Course Final Student Feedback Course Introduction Advertising Commercial Chapter 1 Communication Chapter 1 Prohibited Representations Chapter 1 Record Keeping Requirements Chapter 1 Case Study Chapter 1 N/A Ability to Repay and Chapter 2 QM Rule Chapter 2 Case Study Chapter 2 N/A Course Final N/A Course Evaluation N/A Total Course Time (Minutes) Instruction Time Allocation (Minutes) 3 5 5 25 5 10 5 30 10 5 15 2 120