Bulletin re: SAFE Act and transitional licensing of mortgage loan originators

This Bulletin is being issued in response to several inquiries the Consumer Financial Protection Bureau (CFPB or Bureau) has received regarding whether states may, consistent with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), permit transitional licensing of mortgage loan originators.

CFPB Bulletin 2012-05 

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