Secure and Fair Enforcement for 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
state regulatory agencies
gptkbp:appliesTo mortgage loan originators
gptkbp:category Mortgage regulation in the United States
United States federal banking legislation
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
https://www.w3.org/2000/01/rdf-schema#label Secure and Fair Enforcement for Mortgage Licensing Act
gptkbp:partOf gptkb:Housing_and_Economic_Recovery_Act_of_2008
gptkbp:purpose to improve consumer protection and reduce fraud in the mortgage industry
gptkbp:requires background checks for mortgage loan originators
continuing education for mortgage loan originators
testing for mortgage loan originators
pre-licensure education for mortgage loan originators
states to establish minimum standards for mortgage loan originators
licensing and registration of mortgage loan originators
financial responsibility standards for mortgage loan originators
gptkbp:bfsParent gptkb:Public_Law_110-289
gptkbp:bfsLayer 6