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Tuesday, April 17, 2012

OCC Issues SAFE Act Exam Procedures

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.

Read more.
Read the exam procedures.

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