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#1457989 - 10/21/10 05:15 PM SAFE ACT
t0dd Offline
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Joined: Sep 2004
Posts: 218
In updating our SAFE ACT policy I noticed that there is a requirement pertaining "finger printing" of MLO. We are a small community thrift with a total of 6 loan officers. Are we really going to have to get finger printed? Seems extreme.

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S.A.F.E. Act Forum
#1457991 - 10/21/10 05:18 PM Re: SAFE ACT t0dd
QCL Offline

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QCL
Joined: May 2002
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NW IL
Yes.
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#1457992 - 10/21/10 05:19 PM Re: SAFE ACT t0dd
Soccer Offline
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Joined: Jan 2010
Posts: 1,006
Utopia
Yes
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#1457997 - 10/21/10 05:22 PM Re: SAFE ACT Soccer
RR Joker Offline
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Posts: 20,644
The Swamp
yup
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#1458008 - 10/21/10 05:35 PM Re: SAFE ACT t0dd
Sinatra Fan Offline
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New Jersey
tOdd, that's nothing. We are a community bank with two loan officers, but seven people who fall under the definition of MLO.
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#1458060 - 10/21/10 06:30 PM Re: SAFE ACT Sinatra Fan
swiggles Offline
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swiggles
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We're all paying for the bad deeds of a few. My new tag line should be....Banks now employ registered sex loan originators. eek kinda like....if you're a mortgage loan originator, you're a bad, bad person.
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#1458139 - 10/21/10 07:28 PM Re: SAFE ACT Sinatra Fan
t0dd Offline
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Joined: Sep 2004
Posts: 218
So how are you all going to get digitized finger prints?

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#1458143 - 10/21/10 07:32 PM Re: SAFE ACT t0dd
RR Joker Offline
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The Swamp
You can do digitized if you local law enforcement does those (ours does...my carry permit prints are digital), otherwise you can still use the cards, it just costs extra.
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