Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act) Requirements for Mortgage Loan Originator Registration
The Bureau of Consumer Financial Protection assumed rulemaking authority for the SAFE Act on July 21, 2011, in accordance with Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act. On December 19, 2011, the Bureau of Consumer Financial Protection published for public comment an interim final rule establishing a new Regulation G (SAFE Mortgage Licensing Act—Federal Registration of Residential Mortgage Loan Originators) and a new Regulation H (SAFE Mortgage Licensing Act—State Compliance and Bureau Registration System).
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