safe act: SAFE Act education
- 02/17/10 06:57 AM
Just spent the past 2 days completing the 20 hours of education required by the SAFE Mortgage Licensing Act. For those unfamiliar with the SAFE Act, here is a nutshell version. Part of the Housing and Recovery Act (HERA), the Secure and Fair Enforcement (SAFE) for Mortgage Licensing Act was passed in July of 2008. Again this is the nutshell version (I encourage you to click on the link above to see HUD's summary which is much more detailed): the purpose of the Act was to create national standards for mortgage licensing which includes mandatory education and testing requirements for loan originators. The SAFE act also created a national (0 comments)