Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act – Overview and Summary of Requirements
Abstract:The Secure and Fair Enforcement for Mortgage Licensing or SAFE Act of 2008 was formulated in order to reduce fraud and regulatory burden and increase consumer safety with regard to mortgages. It regulates the license and registration of mortgage loan originators.
This article gives an overview and summary of requirements of the SAFE Act.
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