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 SHOULD NOW BE UNDERWAY...
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07/01/2011 - HUD - SAFE Act - Final Rule - Effective August 29, 2011
Pending....Industry final review - National conference call held 07/14/2011 between MHI staff and Association Executive Directors from across the nation... comments forthcoming....
ARCHIVE ITEMS BELOW:
06/28/2011 - HUD - SAFE Act Hill Briefing [Starting on page 9 most interesting read]
06/28/2011 - Summary Analysis of above Hill Briefing, by MHI's Safe Act legal counsel, D. Robertson
02/08/2011 - SAFE Act Opinion Letter from Tennessee Department of Financial Institutions
05/19/2010 - SAFE ACT MEMO Released From Tennessee Department of Financial Institutions
05/26/2010 - HR 5369 Introduced "Manufactured Housing Licensing Clarification Act of 2010
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Click - ONLINE TRAINING PARTNERSHIP
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PLEASE VISIT : http://www.tennessee.gov/tdfi/compliance/index.html ... FOR MORE TN SPECIFIC INFORMATION
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MLO Testing Handbook - March 2010 - (The MLO Testing Handbook is intended to be an interactive guide that contains clickable links to Websites referenced throughout the book. If you are unable to link to the different Websites, please refer to the glossary of URLs for complete Website addresses.)
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Federal Register - Part VI - Department of Housing and Urban Development - 24 CFR Parts 30 and 3400; SAFE Mortgage Licensing Act: HUD Responsibilities Under the SAFE Act; Proposed Rule - Comment Due Date: February 16, 2010. As soon as comments are finalized, a copy will be posted here for your viewing. Members and other interested parties are encouraged to comment directly on this proposed rule.
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Tennessee Public Chapter 499 [New Mortgage Laws]- Passed June 2009, as required by Federal Law, to ensure Tennessee laws were compliant with the Federal Safe Act. [See page 22 for the limited exemptions for retailers of manufactured and modular homes.]
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Tennessee Department of Financial Institutions - Memorandums
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NOTE: The Tennessee State Component Test is based upon pertinent Tennessee laws which may be accessed at the following links. The National Test Component is currently available to be taken, and the Tennessee State Component will open for enrollment and scheduling on January 22nd with the first appointments beginning on February 22nd.