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Upcoming League Events

 

SAFE Act

 

Tuesday, April 2, 2013

10:00 - 11:00 am CST

 

Speaker: David Reed, Author, Consultant & Speaker

 

About the Program

Just when you thought you understood the risks andrequirements associated with a modern real estatelending program, here comes another sweepingregulatory mandate designed to address problems in the mortgage marketplace. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), constitutes a major new housing law that will impact both federal and state chartered credit unions as well as CUSO’s that originate real estate loans.

 

The SAFE Act is designed to enhance consumer protection and reduce fraud by requiring states to establish minimum standards for the licensing and registration of mortgage loan originators.



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