What are some the requirements relating to the SAFE Mortgage Licensing Act of 2008?
Under Section 494.0011(2)(c) the commission shall adopt rules that comply with the following: 1. Require loan originators, mortgage brokers, mortgage lenders, and branch offices to register through the registry. 2. Require the use of uniform forms that have been approved by the registry and any subsequent amendments to such forms if the forms are substantially in compliance with the provisions of this chapter – Uniform forms that the commission adopts include, but are not limited to: a. Uniform Mortgage Lender/Mortgage Broker Form, Form MU1 b. Uniform Mortgage Biographical Statement & Consent Form, Form MU2 c. Uniform Mortgage Branch Office Form, Form MU3 d. Uniform Individual Mortgage License/Registration & Consent Form, Form MU4 3. Require the filing of forms, documents and fees in accordance with the requirements of the registry 4. Prescribe requirements for amending or surrendering a license or other activities as the commission deems necessary for the offices participation in the
