3 Hour Mortgage Loan Originator Rhode Island SAFE Course

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

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.

Course Description
During this course, we will cover the following topics: Licensing, definitions, activities, and
information about the Division; Community Obligations and Banking Offenses as they relate to
Title Attorneys and Title Insurance and Mortgages of Real Property; and Rhode Island Fair
Housing Practices Act and the Rhode Island Home Loan Protection Act.

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 Rhode Island Department of Business Regulation in the mortgage
industry;
Outline the requirements to obtain a license in Rhode Island; 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 Rhode Island law.

RI 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.

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
License Law and Regulation
Record Keeping and Reporting

Rhode Island Mortgage Law Chapter 2: Chapter Two covers compliance and consists of the
following sections:
Prohibited Insurance Issues
What the Loan Document Cant Contain
Required Conduct: Escrow Accounts
Required Conduct for Mortgagees
Required Conduct: Licensed Activities
Title 19
RI SAFE Enforcement Actions Learning Activity: 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 explain what they have learned from the enforcement
actions and post them on the Enforcement Forum. They will also make a comment on another
students post.

RI 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.

RI SAFE Mortgage Law Part 2

Rhode Island Mortgage Law Chapter 3: Chapter Three covers HLPA and FHPA and it consists of
the following sections:
Finding and Declaration of Policy
Definitions
Fair Housing Practices Act
Exemptions
Prohibition Against Interference, Coercion, or Intimidation
Discrimination in Residential Real Estate Related Transactions
Discrimination in Brokerage Services
Home loan Protection Act
Purpose
Definitions
Prohibited Acts Under HLPA
High-cost Home Loans

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
RI Mortgage Law 70 Minutes
quizzes
Chapters 1 & 2
Post review of
RI SAFE
Must be enforcement
RI SAFE Mortgage Enforcement
completed orders on 20 minutes
Law Part 1 Actions Learning
by 3pm MT Enforcement
Activity
Forum
Submit memo to
RI Licensing Case
instructor by 3pm 20 Minutes
Study
MT
Complete chapter
RI SAFE Mortgage RI Mortgage Law
Must be quizzes and course 75 Minutes
Law Part 2 Chapter 3
completed final
by 8pm MT Complete
Evaluation N/A 5 Minutes
evaluation