Skip to content
BOL Conferences
Thread Options
#2222376 - 09/26/19 03:30 PM FACT Act Amendments Effective November 24, 2019
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
I searched the CFPB Web site and came up empty handed. The only links I'm coming up with are to the April 28, 2016 version. Apparently I missed these amendments. Could someone please provide me a link to the amendments so I can see what I missed? Thanks.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
S.A.F.E. Act Forum
#2222450 - 09/27/19 12:49 PM Re: FACT Act Amendments Effective November 24, 2019 Dan Persfull
Inherent_Risk Offline
Platinum Poster
Joined: Jan 2017
Posts: 574
Are you talking about the amendments to the SAFE Act made by S.2155? I don't know if the CFPB made any amendments to the reg. I can't find it if they did. You'd think they would have...

Return to Top
#2222452 - 09/27/19 01:05 PM Re: FACT Act Amendments Effective November 24, 2019 Dan Persfull
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
MY BAD.....I did mean the SAFE Act amendments....not FACT Act

https://www.consumerfinance.gov/pol...enforcement-mortgage-licensing-act-faqs/

The questions and answers below pertain to compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) as of November 24, 2019, the effective date of the 2018 amendments to the statute.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#2222454 - 09/27/19 01:26 PM Re: FACT Act Amendments Effective November 24, 2019 Dan Persfull
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
I am not sure those amendments really impact a bank. That is concerning a Federally licensed MLO (bank MLO) moving to a State license (mortgage company).
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2222465 - 09/27/19 02:39 PM Re: FACT Act Amendments Effective November 24, 2019 Dan Persfull
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
Thanks Randy. I just don't recall seeing them.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#2222469 - 09/27/19 02:58 PM Re: FACT Act Amendments Effective November 24, 2019 Dan Persfull
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
I am not sure that any of this has been actually codified.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z, John Burnett