SAFE Mortgage Licensing Act

URI: https://gptkb.org/entity/SAFE_Mortgage_Licensing_Act
GPTKB entity
Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:abbreviation gptkb:SAFE_Act
gptkbp:administeredBy gptkb:Consumer_Financial_Protection_Bureau
gptkbp:appliesTo all 50 U.S. states and territories
mortgage loan originators
gptkbp:category gptkb:United_States_federal_law
gptkb:Consumer_protection_law
Banking law
gptkbp:citation gptkb:12_U.S.C._§_5101_et_seq.
gptkbp:dateEnacted 2008
gptkbp:enactedBy gptkb:United_States_Congress
gptkbp:establishes gptkb:Nationwide_Mortgage_Licensing_System_and_Registry
gptkbp:fullName gptkb:Secure_and_Fair_Enforcement_for_Mortgage_Licensing_Act_of_2008
https://www.w3.org/2000/01/rdf-schema#label SAFE Mortgage Licensing Act
gptkbp:partOf gptkb:Housing_and_Economic_Recovery_Act_of_2008
gptkbp:purpose to improve consumer protection and reduce fraud by setting minimum standards for the licensing and registration of mortgage loan originators
gptkbp:requires state licensing and registration system for mortgage loan originators
background checks for mortgage loan originators
continuing education for mortgage loan originators
testing for mortgage loan originators
pre-licensure education for mortgage loan originators
gptkbp:bfsParent gptkb:Consumer_Financial_Protection_Bureau
gptkbp:bfsLayer 5