3 Hour Mortgage Loan Originator DC SAFE Course Course Syllabus

Welcome to our Washington DC 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 DC specific education requirement for DC 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 DC SAFE Act and several of the regulations that accompany it. This course is divided into sections that cover: District of Columbia Department of Insurance, Securities, and Banking, Definitions, License Law and Regulation, Compliance, Disciplinary Action, and District Test Areas. Course Dates and Times This course is offered on Mondays and Thursdays. It begins at 8:00am Mountain Time on the start date and must be completed by midnight on the session end date. 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. All of our instructors are required to respond to student questions within one business day of the receipt of your question. Your instructors personal email will be included in the introduction email. Course Objectives Upon completing this course, you should be able to do the following: Explain the role of the District of Columbia Department of Insurance, Securities, and Banking in the mortgage industry Outline the requirements to obtain a license in Washington DC 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 80 percent on all quizzes to receive credit for the course. You must also pass the final exam with a score of 80 percent in order 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. 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 business day of assignment submission. Once your instructor grades the assignment, your instructor will allow you access to the second part of your course. The instructor reserves the right to delay your advancement to the next part in the event you are progressing substantially faster than the other students in your section. Please remember, your course does include a completion deadline. 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 not 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 parts, each covering different aspects of DC law. DC 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. DC Mortgage Law Chapter 1: Chapter One covers the Department of Insurance, Securities and Banking, definitions and license law regulation. It consists of the following sections: Introduction Acts and Code Definitions Exemptions License Requirements Application Process Fees Financial Responsibility Background Check Mortgage Loan Originator Licensing Requirements Required Notifications Record Keeping Examination Authority Chapter Quiz: 15 question quiz covering all of the material discussed in Chapter One. Administrative Order Case Study: The student will be directed to the Department's website where they will select three administrative orders to analyze. They will follow the instructions to write a review of the orders. The student will submit their completed assignment through the system to their instructor for grading. Once the assignment is graded by their instructor, the student will be allowed to access part two of the course. DC SAFE Mortgage Law Part 2 DC Mortgage Law Chapter 2: Chapter Two covers compliance and consists of the following sections: Prohibited Conduct and Practices Appraisals Required Conduct

Reporting Record Keeping Right to Cancel Fees and Charges District of Columbia Financing Agreement Non-conventional Mortgage Disclosure Mortgage Loan Originators - Disclosures Advertising Chapter Quiz: 20 question quiz covering all of the material discussed in Chapter Two.

DC Mortgage Law Chapter 3: Chapter Three covers disciplinary action and district test areas and it consists of the following sections: Disciplinary Action Notifications, Hearings, and Appeals Suspension, Revocation, and Rescission of Licenses Penalties and Fines Civil Liability Escrow Account - Mortgage Lender Home Loan Protection Act Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Three. Course Final: 25 question final covering all of the information in the course. Course Evaluation: Students will be allowed to give feedback regarding the course. Course Schedule This course consists of the two parts outlined below. The requirements for each part are listed with the approximate time needed to complete each learning module. 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 Schedule Topics and Activities DC SAFE Mortgage Law Part 1 Monday or Thursday Administrative Order Case Study DC SAFE Mortgage Law Part 2 Evaluation Reading Due Introduction DC Mortgage Law Chapter 1 Administrative orders on Department's website DC Mortgage Law Chapters 2 & 3 N/A Assignments Due Complete chapter quizzes Submit review of administrative orders to instructor Complete chapter quizzes and course final Complete evaluation Instruction Time Allocation 40 Minutes

20 Minutes

Tuesday or Friday

115 Minutes 5 Minutes