About this document
MLO Licensing Requirements Under SAFE Act by David Liu is a document available to read on EtoBox.
The SAFE Act mandates that all real estate lenders obtain a mortgage loan originator (MLO) license approved by their state and pass a national test. It requires 20 hours of pre-licensing education and 8 hours of annual continuing education for MLOs. The Consumer Financial Protection Bureau administers the SAFE Act and is now the main loan regulator in the U.S. The SAFE Act is designed to enhance consumer protection and reduce fraud in the real estate finance industry.
- Author
- David Liu
- Language
- EN