Answer:
RESPA does not have a requirement for the NMLS to be placed on the GFE. Neither does Regulation Z nor the SAFE Act.
For the Safe Act, go here:
https://www.bankersonline.com/regulations/12-1007-105
For Regulation Z, go here:
NMLS # Required on GFE? (SAFE ACT/Reg Z)
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Question:
I'm the internal auditor and reviewing compliance with SAFE Act and Reg Z for including unique identifier on loan documents. We originate our reverse mortgages through two investors. The documents are produced through the investor website. Does the NMLS # have to be on the GFE? I'm not seeing it on the GFE for either of our investors. What disclosure documents exactly is it required? (they have on the note, mortgage, application)
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