SAFE Act

All federally regulated financial institutions will need to deal with the requirements of the S.A.F.E. Act as passed by Congress and implemented by the federal banking regulators. This program is designed to inform banks and their staff about the rules – and staff training is a requirement of the regulation.

The OCC, FRB, FDIC, OTS, and others (collectively, the Agencies) have adopted final rules to implement the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act). This monumental registration effort will impact loan officers and other lending personnel in every financial institution in the nation.