Housing and Economic Recovery Act makes Mortgage Loan Originator Licensing Mandatory in Each State

October 1st, 2008|Loan Originator Licensing, Mortgage Licensing News|

The recently passed Housing and Economic Recovery Act included a provision called the S.A.F.E. Mortgage Licensing Act, which stands for the Secure and Fair Enforcement for Mortgage Licensing Act. The recent legislation passed by our US Congress and signed by the President requires every state to create mortgage licensing laws and regulations for loan originators [...]