Thursday, January 8, 2009

SAFE Mortgage Licensing Act

What is happening today in mortgage lending: Three New Federal Register Notices:. I thought you would be particularly interested in this one.
DEPARTMENT OF HOUSING & URBAN DEVELOPMENT
[Docket No. FR-5271-N-01] [Federal Register: January 5, 2009 (Volume 74, Number 2)][Notices] [Page 312-313]
TITLE: S.A.F.E. (SAFE) Mortgage Licensing Act; Notification of Availability of Model Legislation
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing Commissioner, HUD.
ACTION: Notice.
SUMMARY: This notice announces that the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators have developed model legislation to assist states in meeting the minimum requirements of the SAFE Mortgage Licensing Act. HUD has reviewed this model legislation and finds that it meets the minimum requirements of the SAFE Mortgage Licensing Act. The model legislation is available on HUD's Web site at: http://www.hud.gov/offices/hsg/sfh/reguprog.cfm, along with HUD commentary on certain provisions of the statute, and the model legislation…
to read this notice in its entirety please visit: http://edocket.access.gpo.gov/2009/E8-31389.htm
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT




Shirley Nault has been a mortgage professional for over 20 years
Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com\

1 comment:

Kimberly Banks said...

StateCE is creating, developing, and implementing an immediate solution to the needs of the Mortgage Industry. StateCE will be meeting all Federal requirements to serve the industry nationwide. This will include both pre-licensing and continuing education requirements.

Please visit http://www.StateCE.com/Banks and register as a Preferred Customer for your pre-licensing and continuing education requirements.