Under the Secure and Fair Enforcement (SAFE) Act, mortgage loan originators must:
Correct Answer
B) Be registered with the Nationwide Multistate Licensing System (NMLS)
The SAFE Act of 2008 requires mortgage loan originators to be registered with the Nationwide Multistate Licensing System (NMLS), pass a background check, complete pre-licensing education, and pass a national test. This applies to both bank and non-bank originators.
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