SAFE Act Procedures
Updated 01/01/2025
- Tool Name: SAFE Act Procedures
- Tool Description: Banks that employ one or more MLOs must adopt and follow written policies and procedures to carry out their SAFE Act responsibilities. The requirement to adopt and follow policies and procedures applies to all Banks that employ individual MLOs who act as MLOs within the scope of their employment. These procedures will assist the bank with ensuring compliance with requirements of the SAFE Act.
- Rule or Guidance: SAFE Act
- C/A Toolkit: Mortgage
- Keywords: SAFE Act, Secure and Fair Enforcement for Mortgage Licensing Act of 2008, MLO, Mortgage Loan Officer, HR, Human Resources, NMLS, Nationwide Mortgage Licensing System.
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