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Are there continuing education requirements under the SAFE ACT for MLO’s and LO’s? If so, when was this effective? Thank you.
SAFE Act training requirements for state-licensed MLOs was effective August 1, 2009. The Reg Z loan originator training requirement as effective January 1, 2014. As a Compliance Masters Group member, you can find detailed information on the training requirement in the “Required Training for Loan Originators” training manual presented to the Compliance Masters Group on April 3rd and 4th of this year.
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