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RED FLAG Rules

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REMINDER! ...ANTI MONEY LAUNDERING (AML) COMPLIANCE IS REQUIRED BY AUGUST 13, 2012

 

The Secure and Fair Enforcement Mortgage Licensing Act of 2008 (SAFE Act)

ALERT!! ... MEMBERS are reminded to stay informed of the requirements of the SAFE Act. If you are engaged in the mortgage transaction process, requirements to secure your respective mortgage loan originator or mortgage broker's credentials IS A REQUIREMENT IN THE STATE OF TENNESSEE.

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Click Here to visit the compliance page of the State of Tennessee for all of the state related requirements for registration and obtaining your Mortgage Loan Originator License.

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Click Here to go directly to the Nationwide Mortgage Licensing System and Registry (NMLS) website for registration and to begin your request for fingerprinting and background check.

 

As a note, the Association does not give specific guidance on banking regulations. Please use your research tools, and always consult your personal accountant and private attorney for matters relating to banking regulations, federal reporting laws and IRS related requirements.