8 hour ct mortgage law update 2016 syllabus revised

8/18/2019 8 Hour CT Mortgage Law Update 2016 Syllabus Revised

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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 four parts, covering the following subjects: Federal Law, Loan Fraud,

Nontraditional Mortgage, and Connecticut Mortgage Law.

CT Comprehensive SAFE CE 2016 Part 1: Federal Law

Introduction: This module will introduce you to our system. Adherence to the advice andinstructions offered in this module will greatly improve your online education experience.

Fair Lending Chapter 1: Chapter One reviews fair lending. It consists of the following sections:

Department of Justice

Consumer Financial Protection Bureau

Fair Housing Act

Equal Credit Opportunity Act

When You Apply for Credit

When Deciding to Grant Credit You Also Have the Right to…

If a Creditor has Discriminated Against you

Types of Discrimination

Overt Discrimination

Disparate Treatment

Disparate Impact

Fair Lending Chapter 2: Chapter Two reviews the Home Mortgage Disclosure Act. It consists of

the following sections:

Home Mortgage Disclosure Act

HMDA Case Study

HMDA Data

Tips for Compliance

Case Study #1

Case Study #2


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Case Study #3

Recent Cases

RESPA Enforcement Chapter 1: Chapter One reviews cases involving Wells Fargo/Chase and

Lighthouse Title. It consists of the following sections: Introduction

Wells Fargo/Chase CFPB Settlement

Lighthouse Title CFPB Settlement

RESPA Enforcement Chapter 2: Chapter 2 reviews the CFPB Compliance Bulletin and several

hypothetical examples that apply. It consists of the following sections:

CFPB Compliance Bulletin

Case Study

CT Comprehensive SAFE CE 2016 Part 2: Ethics and Loan Fraud

Loan Fraud 2016 Chapter 1: Chapter One will introduce you to the definition of loan fraud and

different types of loan fraud. It consists of the following sections:

Introduction

Fraud for Housing

Fraud for Profit

Air Loan

Appraisal/Valuation

Assets

Employment

Identity Theft

Income

Non-Arm’s Length Transaction

Occupancy Fraud

Settlement Agent

Short Sale

Shot-Gunning

Straw Borrower

Undisclosed Debt

Affinity Fraud

Builder Bail-Out

Foreclosure Rescue

Loan Modification Scams


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Reverse Mortgage Fraud

Case Study

Loan Fraud 2016 Chapter 2: Chapter Two will review loan fraud statistics and SARS reporting.

It consists of the following sections:

Loan Fraud Statistics Types of Fraud

Mortgage Fraud Case Studies

SARs Reporting

Anti-Money Laundering Rule

SARs Rule Reporting Requirements

CT Comprehensive SAFE CE 2016 Part 3: Nontraditional Lending

VA Home Loans: This part covers the origination of mortgage loans that are to be guaranteedby the Veterans Administration (VA) on 1-4 unit Single Family Residences. It consists of the

following sections:

What is a VA Home Loan?

VA Loan Features

Eligible Loan Purposes

Property Eligibility

Occupancy Requirements

Who has Jurisdiction over the Lender?

Types of Approval Authority Granted to Lenders

Basic Entitlement and the Amount of Loan Guaranty

Who is Eligible for a VA Home Loan

How to Document Eligibility and Entitlement

VA Lender Resources

What is ‘Restoration’ of Entitlement?

Clearing Loans Listed as Unpaid on the COE

Back-to-Back Closings

VA Guaranty Calculation

Joint Loans

Case Study

Maximum Loan-To-Value

Maximum Loan Amount

Funding Fee

Appraisals


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Minimum Property Requirements

Refinances

Energy Efficient Mortgage

Credit

Income Reservists, National Guard & Active Duty Applicants

Helpful Hints for Reviewing the Military LES

VA Education Benefits

Rental Income for 2-4 Unit Properties

Debt to Income Ratio (DTI)

Residual Income

Special Instructions for using Tables

Residual Income Calculation

Power of Attorney (POA)

‘Alive and Well’ Status

VA Loan Fees

Seller Concessions

Purchase Agreement Escape Clause

Case Study

CT Comprehensive SAFE CE 2016 Part 4:

Connecticut Mortgage Law Update 2016

CT Mortgage Law Update 2016 Chapter 1 consists of the following sections:

Definitions and Explanations

Prohibited Acts

CT Mortgage Law Update 2016 Chapter 2 consists of the following sections:

High Cost Home Loans

Disclosures

Prohibited Provisions in High Home Loan Agreements

Prohibited Acts by Lender Nonprime Loans

Restrictions on Provisions

Other regulations

Case Study


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CT Comprehensive SAFE CE 2016 Course Final: 25 question final exam covering all of the

material discussed in the course.

Course Evaluation: Students will be allowed to give feedback regarding the course.

Course Schedule

This course consists of the four parts outlined below. The requirements for each part are listed

with the approximate time needed 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 an eight 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

Module Reading Assignments DueInstruction Time

Allocation (Minutes)

CT Comprehensive SAFE CE 2016 Part 1: Federal Law

Introduction Instructions ROC & Attestation 10

Fair Lending Chapter

1 Department of Justice Quiz Question 7


1

Consumer Financial

Protection BureauQuiz Question 2


1 Fair Housing Act Quiz Questions 9

Fair Lending Chapter1

Equal CreditOpportunity Act

Quiz Question 2


1

When You Apply for

CreditQuiz Question 2


1

When Deciding to

Grant CreditQuiz Question 4


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1

You Also Have the

Right to… Quiz Question 2


1

If a Creditor has

Discriminated Against

you

Quiz Question 2


Types ofDiscrimination

Quiz Question 1


1 Overt Discrimination Quiz Question 2


1 Disparate Treatment Quiz Questions 6


1 Disparate Impact Quiz Questions 6


1N/A Chapter Quiz 3


Home MortgageDisclosure Act

Quiz Question 4


2HMDA Case Study Quiz Question 3


2HMDA Data Quiz Question 1


2Tips for Compliance Quiz Question 3


2Case Study #1 Quiz Questions 9


2 Case Study #2 Quiz Questions 9


2Case Study #3 Quiz Questions 8


2Recent Cases Quiz Questions 24


2N/A Chapter Quiz 3


2N/A Course Final 10

RESPA Enforcement

Chapter 1

Introduction

Quiz Question 3

RESPA Enforcement

Chapter 1

Wells Fargo/Chase

CFPB SettlementQuiz Questions 25

RESPA Enforcement

Chapter 1

Lighthouse Title CFPB

SettlementQuiz Questions 17

RESPA Enforcement

Chapter 1N/A Chapter Quiz 3


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RESPA Enforcement

Chapter 2

CFPB Compliance

BulletinQuiz Questions 9

RESPA Enforcement

Chapter 2

Case StudyQuiz Question 32

RESPA Enforcement

Chapter 2 N/A Chapter Quiz 3RESPA Enforcement

Chapter 2N/A Course Final 5

CT Comprehensive SAFE CE 2016 Part 2: Ethics and Loan Fraud

Loan Fraud Chapter 1 Introduction Quiz Question 6

Loan Fraud Chapter 1 Types of Fraud Quiz Questions 27

Loan Fraud Chapter 1 Case Study Quiz Questions 11

Loan Fraud Chapter 1 N/A Chapter Quiz 5

Loan Fraud Chapter 2 Loan Fraud Statistics Quiz Question 4Loan Fraud Chapter 2 Types of Fraud Quiz Question 4

Loan Fraud Chapter 2Mortgage Fraud Case

StudiesQuiz Question 7

Loan Fraud Chapter 2 SARs Reporting Quiz Questions 12

Loan Fraud Chapter 2Anti-Money

Laundering RuleQuiz Questions 6

Loan Fraud Chapter 2SARs Rule Reporting

RequirementsQuiz Questions 17

Loan Fraud Chapter 2 N/A Course Final 10


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CT Comprehensive SAFE CE 2016 Part 3: Nontraditional Lending

VA Home LoansWhat is a VA Home

Loan?Quiz Question 4

VA Home Loans VA Loan Features Quiz Question 1

VA Home Loans Eligible Loan Purposes Quiz Question 1

VA Home Loans Property Eligibility Quiz Question 2

VA Home LoansOccupancy

RequirementsQuiz Question 1

VA Home LoansWho has Jurisdiction

over the Lender?Quiz Question 1

VA Home Loans

Types of Approval

Authority Granted to

Lenders

Quiz Question 1

VA Home Loans

Basic Entitlement and

the Amount of Loan

Guaranty

Quiz Question 2

VA Home Loans Who is Eligible for a

VA Home Loan?Quiz Question 4

VA Home Loans

How to Document

Eligibility and

Entitlement

Quiz Question 2

VA Home Loans VA Lender Resources Quiz Question 5

VA Home Loans What is ‘Restoration’

of Entitlement?Quiz Question 2

VA Home Loans Clearing Loans Listed

as Unpaid on the COEQuiz Question 1

VA Home Loans Back-to-Back Closings Quiz Question 1

VA Home LoansVA Guaranty

CalculationQuiz Question 6

VA Home Loans Joint Loans Quiz Question 1

VA Home Loans Case Study Quiz Questions 5

VA Home Loans Maximum Loan-To-

ValueQuiz Question 1

VA Home Loans Maximum Loan

AmountQuiz Question 1

VA Home Loans Funding Fee Quiz Question 1

VA Home Loans Appraisals Quiz Question 1


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VA Home Loans Minimum Property

RequirementsQuiz Question 5

VA Home Loans Refinances Quiz Question 1

VA Home Loans Energy Efficient

MortgageQuiz Question 2

VA Home Loans Credit Quiz Question 2VA Home Loans Income Quiz Question

VA Home Loans

Reservists, National

Guard & Active Duty

Applicants

Quiz Question 2

VA Home Loans

Helpful Hints for

Reviewing the Military

LES

Quiz Question 1

VA Home Loans VA Education Benefits Quiz Question 1

VA Home LoansRental Income for 2-4

Unit Properties

Quiz Question 1

VA Home LoansDebt to Income Ratio

(DTI)Quiz Question 1

VA Home Loans Residual Income Quiz Question 2

VA Home Loans Special Instructions for

using TablesQuiz Question 2

VA Home Loans Residual Income

CalculationQuiz Question 1

VA Home LoansPower of Attorney

(POA)Quiz Question 1

VA Home Loans ‘Alive and Well’ Status Quiz Question 1VA Home Loans VA Loan Fees Quiz Question 3

VA Home Loans Seller Concessions Quiz Question 1

VA Home Loans Purchase Agreement

Escape ClauseQuiz Question 1

VA Home Loans Case Study Quiz Questions 5

VA Home Loans N/A Course Final 5


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CT Comprehensive SAFE CE 2016 Part 4: Connecticut Mortgage Law Update 2016

CT Mortgage Law

Update 2016

Chapter 1

Definitions and

Explanations

Quiz Question 3

CT Mortgage Law

Update 2016

Chapter 1

Prohibited Acts Quiz Questions 5

CT Mortgage Law

Update 2016

Chapter 1

N/A Chapter Quiz 3

CT Mortgage Law

Update 2016

Chapter 2

High Cost Home Loans Quiz Question 3

CT Mortgage LawUpdate 2016

Chapter 2

Disclosures Quiz Question 2

CT Mortgage Law

Update 2016

Chapter 2

Prohibited Provisions

in High Cost Home

Loan Agreements

Quiz Question 5

CT Mortgage Law

Update 2016

Chapter 2

Prohibited Acts by

LenderQuiz Questions 5

CT Mortgage Law

Update 2016Chapter 2 Nonprime Loans Quiz Questions 5

CT Mortgage Law

Update 2016

Chapter 2

Restrictions on

ProvisionsQuiz Question 4

CT Mortgage Law

Update 2016

Chapter 2

Other Regulations Quiz Question 4

CT Mortgage Law

Update 2016

Chapter 2

Case Study Quiz Questions 4

CT Mortgage Law

Update 2016

Chapter 2

N/A Chapter Quiz 3

Course Final N/AComprehensive Final

Exam20

Course Evaluation N/A Evaluation 5

8 hour ct mortgage law update 2016 syllabus revised

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