THE SAFE ACT (TITLE V OF HERA)<\/p>\n
\u201cSecure and Fair Enforcement for Mortgage Licensing Act of 2008\u2019\u2019 (or \u2018\u2018S.A.F.E. Mortgage Licensing Act of 2008\u201d) is a key component of the Housing and Economic Recovery Act of 2008 (HERA). The
\nSAFE Act requires states to implement SAFE-Compliant MLO licensing that meet certain minimum requirements through the Nationwide Mortgage Licensing System & Registry (NMLS).
\nThe SAFE Act is a federal law that has jurisdiction in all states, the District of Columbia, and the U.S. Territories of Puerto Rico, U.S. Virgin Islands and Guam [see 12 CFR, Part 1026, Truth in Lending –
\nRegulation Z \u00a7 1026.2(a) (26) State].<\/p>\n
According to the SAFE Act:
\n\u2022 Industry: All residential MLOs must be either state licensed or federally registered.
\n\u2022 States: All states are required to have a system of licensing in place for residential MLOs that meets national definitions and minimum standards, including among other things: criminal
\nhistory and credit background checks, pre-licensure education, pre-licensure testing, continuing education, net worth, and surety bond or recovery fund.<\/p>\n
Objectives of the SAFE Act:
\n\u2022 To provide uniform license applications and requirements for state-licensed loan originators.
\n\u2022 To provide a comprehensive licensing and supervisory database.
\n\u2022 To aggregate and improve the flow of information between regulators.
\n\u2022 To provide increased accountability and tracking of loan originators.
\n\u2022 To streamline the licensing process and reduce regulatory burden.
\n\u2022 To enhance consumer protections and support anti-fraud measures.
\n\u2022 To provide free information about loan originators to consumers.
\n\u2022 To establish a means by which loan originators are required to act in a consumer\u2019s best interest.
\n\u2022 To facilitate responsible behavior in the subprime mortgage marketplace.
\n\u2022 To facilitate the consumer complaint process.
\nThrough Section 5101 of the SAFE Act, the federal government encouraged the states to establish a Nationwide Mortgage Licensing System and Registry (NMLS-R). The NMLS-R was created by two entities: The Conference of State Banks Supervisors (CSBS) and The American Association of Residential Mortgage Regulators (AARMR).<\/p>\n
\uc548\uc804\ud55c \ud589\uc704(\ud5e4\ub77c\uc758 \ud0c0\uc774\ud2c0 V)<\/p>\n
“2008\ub144 \ubaa8\uae30\uc9c0 \uba74\ud5c8\ubc95\uc5d0 \ub300\ud55c \uc548\uc804\ud558\uace0 \uacf5\uc815\ud55c \uc2dc\ud589”(\ub610\ub294 ‘2008\ub144 S.A.F.E. \ubaa8\uae30\uc9c0 \uba74\ud5c8\ubc95’)\uc740 2008\ub144 \uc8fc\ud0dd \ubc0f \uacbd\uc81c \ud68c\ubcf5\ubc95(HERA)\uc758 \ud575\uc2ec \uad6c\uc131\uc694\uc18c\uc785\ub2c8\ub2e4. NS
\nSAFE \ubc95\uc5d0 \ub530\ub77c \uc8fc\uc5d0\uc11c\ub294 Nationwide Mortgage Licensing System & Registry(NMLS)\ub97c \ud1b5\ud574 \ud2b9\uc815 \ucd5c\uc18c \uc694\uad6c \uc0ac\ud56d\uc744 \ucda9\uc871\ud558\ub294 SAFE \uc900\uc218 MLO \ub77c\uc774\uc120\uc2a4\ub97c \uad6c\ud604\ud574\uc57c \ud569\ub2c8\ub2e4.
\nSAFE \ubc95\uc740 \ubaa8\ub4e0 \uc8fc, \uceec\ub7fc\ube44\uc544 \ud2b9\ubcc4\uad6c, \ud478\uc5d0\ub974\ud1a0\ub9ac\ucf54, \ubbf8\uad6d\ub839 \ubc84\uc9c4 \uc544\uc77c\ub79c\ub4dc \ubc0f \uad0c\uc758 \ubbf8\uad6d \uc601\ud1a0\uc5d0\uc11c \uad00\ud560\uad8c\uc744 \uac16\ub294 \uc5f0\ubc29\ubc95\uc785\ub2c8\ub2e4. [12 CFR, Part 1026, Truth in Lending –
\n\uaddc\uc815 Z \u00a7 1026.2(a) (26) \uc8fc].<\/p>\n
SAFE \ubc95\uc5d0 \ub530\ub974\uba74:
\n\u2022 \uc0b0\uc5c5: \ubaa8\ub4e0 \uc8fc\uac70\uc6a9 MLO\ub294 \uc8fc\uc5d0\uc11c \ud5c8\uac00\ub97c \ubc1b\uc558\uac70\ub098 \uc5f0\ubc29\uc5d0 \ub4f1\ub85d\ub418\uc5b4 \uc788\uc5b4\uc57c \ud569\ub2c8\ub2e4.
\n\u2022 \uc8fc: \ubaa8\ub4e0 \uc8fc\ub294 \ub2e4\uc74c\uc744 \ud3ec\ud568\ud558\uc5ec \uad6d\uac00 \uc815\uc758 \ubc0f \ucd5c\uc18c \ud45c\uc900\uc744 \ucda9\uc871\ud558\ub294 \uc8fc\uac70\uc6a9 MLO\uc5d0 \ub300\ud55c \uba74\ud5c8 \uc2dc\uc2a4\ud15c\uc744 \ub9c8\ub828\ud574\uc57c \ud569\ub2c8\ub2e4.
\n\uc774\ub825 \ubc0f \uc2e0\uc6a9 \ubc30\uacbd \ud655\uc778, \uc0ac\uc804 \uba74\ud5c8 \uad50\uc721, \uc0ac\uc804 \uba74\ud5c8 \ud14c\uc2a4\ud2b8, \ud3c9\uc0dd \uad50\uc721, \uc21c\uc790\uc0b0 \ubc0f \ubcf4\uc99d \ucc44\uad8c \ub610\ub294 \ubcf5\uad6c \uae30\uae08.<\/p>\n
SAFE \ubc95\uc758 \ubaa9\uc801:
\n\u2022 \uc8fc\uc815\ubd80\uc5d0\uc11c \ud5c8\uac00\ud55c \ub300\ucd9c \uae30\uad00\uc5d0 \ub300\ud55c \uade0\uc77c\ud55c \ub77c\uc774\uc120\uc2a4 \uc2e0\uccad \ubc0f \uc694\uad6c \uc0ac\ud56d\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4.
\n\u2022 \ud3ec\uad04\uc801\uc778 \ub77c\uc774\uc120\uc2a4 \ubc0f \uac10\ub3c5 \ub370\uc774\ud130\ubca0\uc774\uc2a4\ub97c \uc81c\uacf5\ud569\ub2c8\ub2e4.
\n\u2022 \uaddc\uc81c \uae30\uad00 \uac04\uc758 \uc815\ubcf4 \ud750\ub984\uc744 \uc9d1\uacc4\ud558\uace0 \uac1c\uc120\ud569\ub2c8\ub2e4.
\n\u2022 \ub300\ucd9c \uc81c\uacf5\uc790\uc5d0 \ub300\ud55c \ub354 \ub9ce\uc740 \ucc45\uc784\uacfc \ucd94\uc801\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4.
\n\u2022 \ub77c\uc774\uc120\uc2a4 \ud504\ub85c\uc138\uc2a4\ub97c \uac04\uc18c\ud654\ud558\uace0 \uaddc\uc81c \ubd80\ub2f4\uc744 \uc904\uc785\ub2c8\ub2e4.
\n\u2022 \uc18c\ube44\uc790 \ubcf4\ud638\ub97c \uac15\ud654\ud558\uace0 \uc0ac\uae30 \ubc29\uc9c0 \uc870\uce58\ub97c \uc9c0\uc6d0\ud569\ub2c8\ub2e4.
\n\u2022 \ub300\ucd9c \uae30\uad00\uc5d0 \ub300\ud55c \ubb34\ub8cc \uc815\ubcf4\ub97c \uc18c\ube44\uc790\uc5d0\uac8c \uc81c\uacf5\ud569\ub2c8\ub2e4.
\n\u2022 \ub300\ucd9c \uac1c\uc2dc\uc790\uac00 \uc18c\ube44\uc790\uc758 \ucd5c\uc120\uc758 \uc774\uc775\uc744 \uc704\ud574 \ud589\ub3d9\ud574\uc57c \ud558\ub294 \uc218\ub2e8\uc744 \ud655\ub9bd\ud569\ub2c8\ub2e4.
\n\u2022 \uc11c\ube0c\ud504\ub77c\uc784 \ubaa8\uae30\uc9c0 \uc2dc\uc7a5\uc5d0\uc11c \ucc45\uc784\uac10 \uc788\ub294 \ud589\ub3d9\uc744 \ucd09\uc9c4\ud569\ub2c8\ub2e4.
\n\u2022 \uc18c\ube44\uc790 \ubd88\ub9cc \ucc98\ub9ac\ub97c \uc6a9\uc774\ud558\uac8c \ud569\ub2c8\ub2e4.
\nSAFE \ubc95\uc758 \uc139\uc158 5101\uc744 \ud1b5\ud574 \uc5f0\ubc29 \uc815\ubd80\ub294 \uac01 \uc8fc\uc5d0 Nationwide Mortgage Licensing System and Registry(NMLS-R)\ub97c \uc124\ub9bd\ud558\ub3c4\ub85d \uad8c\uc7a5\ud588\uc2b5\ub2c8\ub2e4. NMLS-R\uc740 CSBS(Conference of State Banks Supervisors)\uc640 AARMR(American Association of Residential Mortgage Regulators)\uc774\ub77c\ub294 \ub450 \uae30\uad00\uc5d0\uc11c \ub9cc\ub4e4\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
THE SAFE ACT (TITLE V OF HERA) \u201cSecure and Fair Enforcement for Mortgage Licensing Act of 2008\u2019\u2019 (or \u2018\u2018S.A.F.E. Mortgage Licensing Act of 2008\u201d) is a key component of the Housing and Economic Recovery Act of 2008 (HERA). The SAFE Act requires states to implement SAFE-Compliant MLO licensing that meet certain minimum requirements through the […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-2516","post","type-post","status-publish","format-standard","hentry","category-financial-study"],"_links":{"self":[{"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/posts\/2516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/comments?post=2516"}],"version-history":[{"count":2,"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/posts\/2516\/revisions"}],"predecessor-version":[{"id":2576,"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/posts\/2516\/revisions\/2576"}],"wp:attachment":[{"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/media?parent=2516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/categories?post=2516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usezloan.com\/index.php\/wp-json\/wp\/v2\/tags?post=2516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}