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Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) Update

Date: Wednesday, November 20, 2019
Time: 1:00-2:00 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $199.00

Registration - Live Webinar Plus CD Recording: $268.00

Gain a better understanding of the SAFE Acts mandates and how they have been implemented.

Mandates flowing from the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) have been implemented over the past decade. This topic will review these mandates and how they have been implemented and will focus on the most recent addition to the SAFE Act created by the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCP) in 2018.

The EGRRCP provides temporary authority for certain state mortgage loan originator applicants to operate while their state application is pending and will go into effect on November 24, 2019. This topic will discuss the legal authority for temporary authority, the eligibility criteria for temporary authority, and how it is planned to be implemented.

Learning Objectives:

  • You will be able to define temporary authority to operate.
  • You will be able to describe who is eligible for such authority.
  • You will be able to discuss the limits of temporary authority to operate.
  • You will be able to explain the legal basis for temporary authority to operate.

This Live Webinar Covers These Hot Issues:

Overview of SAFE Act Mandates

  • MLO Licensure, Federal Registration
  • Education and Testing, Criminal Background, Financial Responsibility
  • State Model/Laws, Federal Rules
Implementation of SAFE Act Mandates
  • CFPB Safe Act Rules
  • NMLS System and Policy Developments
  • Federal Rule Repeal
Recent Developments – Temporary Authority to Operate
  • Federal to State, State to State
  • Eligibility Criteria
  • Implementation

Credit Information (Sponsored by Lorman Education Services)

  • CLE
  • CPE
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty

Stacey L. Valerio, Ballard Spahr LLP

  • Of Counsel at Ballard Spahr LLP
  • Practice emphasizes state-licensing aspects of mortgage banking
  • Regular speaker on state-licensing related topics
  • Former state regulator (Connecticut), former chair, State Regulatory Registry Lawyers Committee, former director and officer, AARMR
  • Member District of Columbia, Connecticut, and Massachusetts Bars
  • J.D. degree, George Washington University National Law Center
  • Can be contacted at valerios@ballardspahr.com

(Not available outside the US)