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Course Syllabus
Monday, Wednesday, Friday 8am - 8pm MT
Welcome to our Massachusetts 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 MA specific education requirement for MA 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.
Course Description
During this course, we will cover the MA SAFE Act and several of the regulations that
accompany it. This course is divided into sections that cover: Mortgage Regulatory Agencies,
Definitions, License Law and Regulation, Compliance, Disciplinary Action, and Additional State
Regulations.
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.
Technical Support
As our course is entirely online, we do offer live technical support via telephone and email 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 Massachusetts law.
MA 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.
MA Mortgage Law Chapter 1: Chapter One covers mortgage regulatory agencies, definitions
and loan originator, broker and lender license law and regulation. It consists of the following
sections:
Introduction
License Law and Regulation
Licensing of MLOs
Financial Responsibility
Criminal Background
Character and Fitness
Grounds for Denying a License
Pre-licensing Coursework
Renewal
Credit for Teaching
Notice
Licensing of Brokers
Exempt
Financial Responsibility
Financial Statements
Denial
Application Procedure: Mortgage Lender
Exempt
Financial Responsibility
Financial Statements
Character and Fitness
Business Experience
Denial
Consumer Protection
Reverse Mortgages
Requirement for Mortgage to Affirmatively Opt in Writing
Requirement for Third Party Counseling
Prohibited Acts or Practices
Predatory Home Loan Practices Act
MA 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.
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.
MA SAFE Mortgage Law Part 2
MA Mortgage Law Chapter 2: Chapter Two covers prohibited acts and practices for brokers,
lenders and mortgage loan originators and consists of the following sections:
Prohibited Acts and Practices
Loan Originators
Mortgage Brokers
Refinancing in the Borrowers Interest
Determining Borrowers Interest
Timing
Notice of Claims
Demonstration and Documentation of Compliance
Unfair or Deceptive Acts or Practices
Fees and Charges
Prohibited Acts or Practices and High Cost Mortgages
No Packing
Prohibitions on Advertising
Must be
completed
by 3pm MT
Must be
completed
by 8pm MT
Topics and
Activities
MA SAFE
Mortgage Law
Part 1
Reading Due
Assignments Due
Instruction Time
Allocation
Introduction
MA Mortgage Law
Chapter 1
Complete chapter
quizzes
40 Minutes
MA Licensing Case
Study
MA SAFE
Mortgage Law
Part 2
MA Mortgage Law
Chapters 2 & 3
Evaluation
N/A
Submit memo to
instructor by 3pm
MT
Complete chapter
quizzes and course
final
Complete
evaluation
20 Minutes
85 Minutes
5 Minutes