Safe Act

The SAFE Mortgage Licensing Act is designed to enhance consumer protection and reduce fraud by encouraging states to establish minimum standards for the licensing and registration of state-licensed mortgage loan originators and for the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) to establish and maintain a nationwide mortgage licensing system and registry for the residential mortgage industry. The SAFE Act sets a minimum standard for licensing and registering mortgage loan originators. Specific state licensing requirements can be found at the Nationwide Mortgage Licensing System Registry (NMLSR). Mortgage loan originators employed by a federally regulated depository or a regulated subsidiary can learn the registration requirements on the NMLSR website or from their employer’s federal bank regulator.

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Safe Act Alabama
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Read more about Safe Act mortgage licensing or see why safe act training leads to the best mortgage job you will ever have.