2 Hour Mortgage Loan Originator California-DBO SAFE Course

Course Syllabus
Monday, Wednesday, Friday 8am - 8pm MT
Welcome to our California-DBO 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 two hour California-DBO specific education requirement for
California-DBO loan originator license applicants. If you are taking this course to license, you
must also complete at least 18 hours of NMLS-approved education at another time.
Course Description
During this course, we will cover specific pieces of legislation passed by the legislature as well as
the rules enacted by the relevant agencies including the California DBO Finance Lenders Law
and Regulations as well as the California DBO Residential Mortgage Lending 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 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 be able to do the following:
Explain the role of the California Department of Business Oversight in the mortgage
industry;
Outline the requirements to obtain a license in California; 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 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 California-DBO law.
California requires that the course cover one hour of the California Finance Lenders Law,
(Sections 22000-22780 of the Financial Code) and one hour of the California Residential
Mortgage Lending Act (sections 50000-50706 of the Financial Code). Many of the topics that
we discuss come from both the Finance Lenders Law and the Residential Mortgage Lending Act.
Therefore, we have organized the course into two chapters, and each chapter covers various
topics. The entire course covers one hour of each of the required sections of Financial Code, but
those two sections are split between the two chapters. This course also includes additional
education related to the California Homeowner Bill of Rights.
CA 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.
California Mortgage Law Chapter 1: Chapter One covers the following:
Overview of Acts and Code
Definitions and Explanations
License Law and Regulation
Qualifications and Application Process
Compliance
Case Study
Enforcement Actions Learning Activity: The student will review enforcement orders posted on
the Department of Business Oversight web site. 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.

CA-DBO 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.
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.
CA SAFE Mortgage Law Part 2
California Mortgage Law Chapter 2: Chapter Two covers the following:
Revocation and Suspension of Licenses
Punishments
California Homeowner Bill of Rights
Assembly Bill 2610 (Notice)
Assembly Bill 2314
Assembly Bill 2610
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 two 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!

Schedule

Must be
completed
by 3pm MT

Must be
completed
by 8pm MT

Course Outline and Schedule M,W,F 8am MT to 8pm MT

Topics and
Reading Due
Assignments Due
Activities
Introduction
Complete chapter
CA Mortgage Law
quizzes
Chapter 1
Post review of
CA Enforcement
enforcement
CA SAFE Mortgage
Actions Learning
orders on
Law Part 1
Activity
Enforcement
Forum
Submit memo to
CA-DBO Licensing
instructor by 3pm
Case Study
MT
Complete chapter
CA SAFE Mortgage CA Mortgage Law
quizzes and course
Law Part 2
Chapter 2
final
Complete
Evaluation
N/A
evaluation

Instruction Time
Allocation
45 Minutes

20 minutes

20 Minutes

50 Minutes
5 Minutes