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DTSTART: 20130402T050000Z
DTEND: 20130402T050000Z
SUMMARY: SAFE Act
LOCATION: Your Credit Union


Oklahoma City, Oklahoma
 - Credit Union Association of Oklahoma: http://www.oklahomacreditunions.coop
UID: 1187
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:  Date: April 2, 2013 =0D=0A=0D=0A =0D=0A=0D=0ATime:  10:00 AM -11:00 PM CST =0D=0A=0D=0A =0D=0A=0D=0AAbout:  =0D=0A=0D=0ALook Out!  Just when you thought you understood the risks and requirements associated with a modern real estate lending program, here comes another sweeping regulatory mandate designed to address problems in the mortgage marketplace.  The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), constitutes a major new housing law that will impact both federal and state chartered credit unions as well as CUSO’s that originate real estate loans. =0D=0A=0D=0A =0D=0A=0D=0AThe SAFE Act is designed to enhance consumer protection and reduce fraud by requiring states to establish minimum standards for the licensing and registration of mortgage loan originators.  The law makes additional provisions governing background checks, initial training for loan originators, and maintenance of a publicly accessible database of employment and disciplinary history concerning loan originators.  In other words, your individual staff members will need new training, licensing and registration and your credit union will have additional data collection and reporting duties to meet minimum regulatory requirements. =0D=0A=0D=0A =0D=0A=0D=0A =0D=0A=0D=0ARegistration Options: =0D=0A=0D=0AQuickbite Audio Conference- $150 (unlimited listeners and free audio archive for 30 Days after conference) =0D=0A=0D=0AFor more information, please contact Carrie Buchholz at: =0D=0A=0D=0A(P) 405.702.8622 ext. 215 =0D=0A=0D=0A(E) carrie@cuaok.org 
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