Definition: The federal framework establishing minimum standards for mortgage loan originator licensing or registration and unique identification through the Nationwide Multistate Licensing System and Registry.
Example
A loan originator follows the applicable state-licensing or covered-financial-institution registration pathway.
Keep the distinction clear
State licensing and federal registration are different pathways. A real estate license alone does not automatically authorize mortgage loan origination.
Related terms
Mortgage Loan Originator (MLO) · Mortgage Broker · Licensure
Keep studying
Real Estate and Loan Brokerage: Affiliated Businesses and Disclosure Questions
References: CFPB: SAFE Act licensing and registration
Pronunciation (US): SAFE AKT (capitals show stress)
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