Topic: Mortgage Loan Originators (SAFE Act)
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NMLS annual renewal period now open
NEWS: This is a reminder that the Nationwide Multistate Licensing System (NMLS) annual renewal period opened on November 1st and will remain open until December 31st. This requirement is from the […]
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CFPB: Secure and Fair Enforcement for Mortgage Licensing Act FAQs
These FAQs pertain to compliance with the SAFE Act as of Nov. 24, 2019, the effective date of the 2018 amendments to the statute.
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NMLS: Federal Registry Resources
NMLS Federal Registry Resource Center provides institutions and mortgage loan originators with tools and guides for completing the mandated registration process in NMLS.
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NMLS: Federal Registry Renewal and Reactivation Handbook (2012) 27 pp.
Credit unions and Mortgage Loan Originators (MLOs) that are Federally Registered are required to renew their registration using the Nationwide Mortgage Licensing System & Registry (NMLS) following the streamlined renewal […]
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NCUA: General Counsel Opinion 08-0843 – Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (October 3, 2008)
This opinion discusses why MLOs employed by CUSOs must be licensed by their state rather than merely registered.
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NCUA: S.A.F.E. Act information page
The NCUA’s page includes links to helpful resources.
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FRB: Research Statistics Supervision and Discount (RSSD) number
The National Information Center (NIC) is a central repository of data about banks and other institutions for which the Federal Reserve has a supervisory, regulatory, or research interest. This site […]
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CFPB: 12 CFR 1007 (Reg. G)
S.A.F.E. Mortgage Licensing Act – Federal Registration of Residential Mortgage Loan Originators 1007.101 Authority, purpose, and scope. 1007.102 Definitions. 1007.103 Registration of mortgage loan originators. 1007.104 Policies and procedures. 1007.105 […]
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B071 Reg. Z: Loan Originator Rule
This release applies to all credit unions, both state and federal. It describes the federal Loan Originator Rule – a set of requirements under the Truth in Lending act rules, […]
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B070 Registration of Mortgage Loan Originators
This release applies to federal and state credit unions. It describes the new requirement for mortgage loan originators at credit unions to participate in a national registration program as required […]