The OCC issued interagency examination procedures for the Secure and Fair Enforcement for Mortgage Licensing Act. The SAFE Act mandated a nationwide licensing and registration system for mortgage loan originators.
The OCC said the examination procedures lay out the background and registration requirements under the SAFE Act and Regulation G -- the implementing interim final rule that the CFPB issued after the act’s rulemaking authority was transferred to the bureau last July.
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Read the exam procedures.
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