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).
Author: Federal Reserve Bank of San Francisco
Date of Publication: April 27, 2012
Last Updated: April 27, 2012