4 Hour KY SAFE Mortgage Law Update 2013 SAFE CE Course Syllabus

Welcome to our Kentucky SAFE CE State Law 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 is meant to satisfy the four hour Kentucky specific education requirement for Kentucky mortgage loan originator continuing education. Course Description This course consists of four chapters which review Kentuckys mortgage laws and the corresponding state rules. Course Dates and Times This course is offered for the 2013 license renewal period. Kentucky mortgage licenses expire December 31st of each year. To avoid expiration, all required paperwork must be submitted by November 30. To ensure proper reporting, this course must be completed by November 20, 2013. Course Objectives Upon completing this course, you should be able to do the following: Understand the scope and applicability of Kentucky mortgage laws and rules Comply with the requirements for licensees under the applicable laws and rules Protect the public by following the requirements set forth in the rules and laws Grading Policy The course consists of slides mixed with comprehension questions. Each chapter includes a chapter quiz. At the end of the final part, you will be required to take and pass a final exam. This course is timed as a four hour course. You must complete the parts in order to progress through the course. You must answer all of the comprehension questions correctly and score 80 percent on all quizzes and tests to receive credit for the course. You may retake course quiz questions until you pass, but you be allowed only 10 retakes of the course final.

Your course consists of two parts. You are required to complete the parts in order. Once you have completed all of the coursework in part one, you will be allowed to open and complete part two. 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 Kentucky mortgage law. KY SAFE CE 2013 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. KY Mortgage Law Update 2013 Chapter 1: Chapter One contains an overview of the Acts and state code. It consists of the following sections: Overview of Acts and State Code Definitions and Explanations Exemptions Use of License Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter One.

KY Mortgage Law Update 2013 Chapter 2: Chapter Two covers company name, license approval, denial, and suspension. It consists of the following sections: Company Name Change of Control License Approval, Denial, and Suspension Fees, Charges, and Penalties Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter Two KY SAFE CE 2013 Part 2 KY Mortgage Law Update 2013 Chapter 3: Chapter Three covers powers of the Commissioner. It consists of the following sections: Powers of the Commissioner Records and Reports Investigations Prohibited Acts Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter Three. KY Mortgage Law Update 2013 Chapter 4: This chapter reviews education requirements, broker duties, MLO exceptions and the Kentucky Residential Mortgage Fraud Act. It consists of the following sections: Continuing Education Mortgage Broker Duties Report of Violations and Commissioner's Duties NMLS Duties MLO Exceptions Kentucky Residential Mortgage Fraud Act Punishment Other Regulations Examination and Investigation Fees Change of Address Administrative Hearing Procedures Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter Four. Course Final: 25 question final covering all of the material discussed in Chapters One Four. 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. Please note that the times are estimated, it may take you more or less time to complete the course material than specified in this outline. This course is approved as a four 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 any assistance at any time. Enjoy the course!

Course Outline and Schedule

Module Introduction Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 3 Chapter 3 Chapter 3 Chapter 3 Chapter 3 Chapter 4 Chapter 4 Reading Course Introduction Overview of Acts and State Code Definitions and Explanations Exemptions Use of License N/A Company Name Change of Control License Approval, Denial, and Suspension Fees, Charges, and Penalties N/A Powers of the Commissioner Records and Reports Investigations Prohibited Acts N/A Continuing Education Mortgage Broker Assignments Due Quiz Question Quiz Question Quiz Questions Quiz Question Quiz Questions End of Chapter Quiz Quiz Question Quiz Question Quiz Questions Quiz Questions End of Chapter Quiz Quiz Question Quiz Questions Quiz Questions Quiz Question End of Chapter Quiz Quiz Question Quiz Question Instruction Time Allocation (Minutes) 3 4 15 5 15 9 4 3 17 15 10 6 18 9 7 10 4 4

Duties Report of Violations Chapter 4 and Commissioner's Duties Chapter 4 NMLS Chapter 4 Duties Chapter 4 MLO Exceptions Kentucky Residential Chapter 4 Mortgage Fraud Act Chapter 4 Punishment Chapter 4 Other Regulations Examination and Chapter 4 Investigation Fees Chapter 4 Change of Address Administrative Chapter 4 Hearing Procedures Chapter 4 Case Study Chapter 4 N/A Course Final N/A Course Evaluation N/A Total Course Time (Minutes)

Quiz Question Quiz Question Quiz Question Quiz Question Quiz Question Quiz Question Quiz Questions Quiz Question Quiz Question Quiz Question Quiz Questions End of Chapter Quiz End of Course Final Student Feedback

5 4 4 3 7 2 12 5 3 4 5 7 20 1 240