SAFE Act - Reg H - Title V of HERA Flashcards
What does SAFEA stand for?
Safe and Fair Enforcement Act (Safe Act)
What Regulation is the SAFE Act?
Regulation H
What is Regulation H?
Title V of HERA
What does HERA stand for?
Housing Economic Recovery Act
What does CSBS stand for?
Conference of State Bank Supervisors
What does AARMR stand for?
American Association of Residential Mortgage Regulations
What does NMLSR stand for?
Nationwide Mortgage Licensing System and Registry
CSBS + AARMR = _______
NMLSR
______ + AARMR = NMLSR
CSBS
CSBS + _______ = NMLSR
AARMR
For the SAFE Act, when does education expire each year?
December 31st
An MLO cannot have ANY felonies in the past __ year.
7
Can an MLO ever have and financial felonies?
NO! Never.
indict =
charge = suspended license
convict =
“nolo contendere” (no contest) = revoked license