The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act) became law on July 30, 2008. It requires the licensing of all non-bank mortgage loan originators (MLOs). It also requires a national registry of all MLOs (both bank and non-bank). The licensing and registration of non-bank MLOs has been unfolding during the past two years. Registration of bank MLOs is still in flux. STATUS What is the status of the requirement for […]
