The Consumer Financial Protection Bureau has issued guidance on Economic Growth, Regulatory Relief, and Consumer Protection Act amendments to the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) Act.
The four new questions published pertain to compliance with the SAFE Act as of Nov. 24, the effective date of the 2018 amendments to the statute.
Read on for details on the FAQs, including the bureau’s advice on state transitional license availability.
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