TITLE

Ther SAFE Act's Unlevel Playing Feild

AUTHOR(S)
Kromer, John P.; Bauer, Heidi M.
PUB. DATE
July 2010
SOURCE
Mortgage Banking;Jul2010, Vol. 70 Issue 10, p40
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the challenges faced by mortgage lenders on the licensing provisions of the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) proposed by the U.S. Department of Housing and Urban Development (HUD). It outlines the differing requirements for registration against licensing and the divergent rules on SAFE Act. It notes that non-depository lenders face much steeper compliance cost and burdensome in the pre-licensure and post-licensure requirements of the act.
ACCESSION #
52702761

 

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