CFPB OKs Some State Mortgage License Transfers
In a bulletin, the U.S. Consumer Financial Protection Bureau said that the 2008 Secure and Fair Enforcement for Mortgage Licensing Act allows limited reciprocity between states for granting loan originator licenses. The bulletin came in response to questions from state regulators over whether mortgage licenses granted under the SAFE Act could transfer from state to state.
“The bureau is committed to working...
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