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eBook details

• Title: Registration of Mortgage Loan Originators (US Federal Deposit Insurance Corporation Regulation) (FDIC) (2018 Edition)
• Author : The Law Library
• Release Date : January 17, 2018
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 532 KB

Description

The Law Library presents the complete text of the Registration of Mortgage Loan Originators (US Federal Deposit Insurance Corporation Regulation) (FDIC) (2018 Edition).
Updated as of May 29, 2018

The OCC, Board, FDIC, OTS, FCA, and NCUA (collectively, the Agencies) are adopting final rules to implement the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act). The S.A.F.E. Act requires an employee of a bank, savings association, credit union or Farm Credit System (FCS) institution and certain of their subsidiaries that are regulated by a Federal banking agency or the FCA (collectively, Agency-regulated institutions) who acts as a residential mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry, obtain a unique identifier, and maintain this registration. The final rule further provides that Agency-regulated institutions must: require their employees who act as residential mortgage loan originators to comply with the S.A.F.E. Act's requirements to register and obtain a unique identifier, and adopt and follow written policies and procedures designed to assure compliance with these requirements.

This ebook contains:
- The complete text of the Registration of Mortgage Loan Originators (US Federal Deposit Insurance Corporation Regulation) (FDIC) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure

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