Alert March 20, 2012

CFPB Issues S.A.F.E. Act Examination Procedures

The CFPB issued Examination Procedures for the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, which set forth the requirements of the SAFE Act and the federal registration regulations.  The SAFE Act requires that federal registration and state licensing and registration systems for residential mortgage loan originators be accomplished through the same online registration system, the Nationwide Mortgage Licensing System and Registry. Click here for the Examination Procedures.