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#1457989 - 10/21/10 05:15 PM SAFE ACT
t0dd Offline
100 Club
Joined: Sep 2004
Posts: 229
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
Posts: 6,259
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: 1,028
Utopia
Yes
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#1457997 - 10/21/10 05:22 PM Re: SAFE ACT Soccer
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
yup
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My opinion only. Not legal advice.

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#1458008 - 10/21/10 05:35 PM Re: SAFE ACT t0dd
Sinatra Fan Offline
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Sinatra Fan
Joined: Jul 2002
Posts: 5,568
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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Management is doing things right; leadership is doing the right things. Peter Drucker

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#1458060 - 10/21/10 06:30 PM Re: SAFE ACT Sinatra Fan
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,351
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
100 Club
Joined: Sep 2004
Posts: 229
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
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
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.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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