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Secure and Fair Enforcement for Mortgage Licensing Act of 2008 Joint Notice of Proposed Rulemaking
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Description:The federal banking agencies, the National Credit Union Administration, and the Farm Credit Administration (collectively, the Agencies) are seeking comment on the attached proposed rule regarding the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). Goals of the SAFE Act include improving accountability and tracking of mortgage loan originators (MLOs), enhancing consumer protection, reducing fraud, and providing consumers with easily accessible information about the professional background of MLOs. Comments are due 30 days from the date of publication in the Federal Register.
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Release Date:06/03/2009
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Update Date:11/26/2018
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Withdrawn Date:12/01/2018
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)Office of the Comptroller of the Currency (OCC)Federal Reserve SystemOffice of Thrift Supervision (OTS)Farm Credit AdministrationNational Credit Union Administration
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Fdic Employee Involved:Thomas F. Lyons
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Law Involved:The Secure and Fair Enforcement for Mortgage Licensing Act of 2008
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Related Regulation:12 CFR Part 3412 CFR Part 20812 CFR Part 36512 CFR Part 56312 CFR Part 61012 CFR Part 761
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Comment Period End Date:07/09/2009
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Banks (Commercial and Savings)
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FIL Number:FIL-28-2009
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Supporting Files
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