Congress Amends SAFE Act to Facilitate MLO Mobility
By Litigation & Creditors’ Rights & Bankruptcy Practice Groups Congress recently passed the Economic Growth, Regulatory Relief, and Consumer Protection Act (“Act”), which, among other things, amends the Secure and Fair Enforcement for Mortgage Licensing Act (“SAFE Act”) to ease the movement of mortgage loan originators (“MLOs”) from employment with federally insured institutions to non-bank lenders. Originally …