3 Hour Mortgage Loan Originator South Carolina SAFE Course

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

Welcome to our South Carolina 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 South Carolina specific education requirement for
South Carolina 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 South Carolina mortgage regulatory agencies, loan
originator license law and regulation as well as compliance and disciplinary action.

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 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. 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 have a solid understanding of the following South
Carolina requirements:
Mission of SC-BFI and SC-DCA;
Provisions when licensed mortgage lenders act as mortgage broker;
Mortgage Fee Agreement
Disclosures; and
Prohibited Activities

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 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 South Carolina law.

SC 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.

SC Mortgage Law Chapter 1: Chapter One covers mortgage regulatory agencies, definitions,
loan originator, broker and lender license law and regulation. It consists of the following
sections:
Mission of BFI and DCA
Overview of Department of Consumer Affairs
Licensing Under the BFI
Mortgage Broker Definitions
Other Definitions
Exemptions
Licensing Process
Surety Bonds
Education Requirements
Licensing under DCA
NMLS ID
Lender vs. Broker
Mortgage Broker Fee Agreement
Mortgage Log
 Complaint Process
Federal vs. State Law

SC Mortgage Law Chapter 2: Chapter Two covers prohibited acts and practices for brokers,
lenders and mortgage loan originators and consists of the following sections:
Compliance
Advertising
Escrow Accounts
Record Keeping
Branch Offices
Branch Manager
Lenders
Brokers

SC Advertising Case Study: The student will use information they have learned in the first part
of the course to distinguish between compliant and noncompliant advertising campaigns.

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.

SC SAFE Mortgage Law Part 2

SC Mortgage Law Chapter 3: Chapter Three continues our discussion into how brokers,
lenders, and originators need to operate in order to stay compliant with SC law and consists of
the following sections:
Unconscionable conduct
Prohibited Acts
High Cost Loans

SC Mortgage Law Chapter 4: In the concluding chapter, we will address enforcement actions,
examinations and penalties which will include the following sections:
Enforcement actions and penalties
Powers of the Commissioner

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 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 three 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
SC Mortgage Law 80 Minutes
Must be quizzes
SC SAFE Mortgage Chapters 1 & 2
completed
Law Part 1 Submit memo to
by 3pm MT SC Advertising
instructor by 3pm 20 Minutes
Case Study
MT
Complete chapter
SC SAFE Mortgage SC Mortgage Law
Must be quizzes and course 75 Minutes
Law Part 2 Chapters 3 & 4
completed final
by 8pm MT Complete
Evaluation N/A 5 Minutes
evaluation