S.A.F.E. Act Policy Manual

Do you need a mortgage policy to address the implementation of and compliance with the SAFE Act? This comprehensive policy addresses mortgage education and the legislation from both the Federal Registration and State Licensing perspectives. All originators of any size can make use of this flexible policy which lends itself to deeper implementation as your organization grows.

Overview

Large multi-state lenders, community banks and small originators alike can protect your organization, ensure compliance and help make sense of the new licensing/registration requirements with:

  • Legal summary
  • Sample forms
  • State Licensing / Federal Registration requirements
  • Accountability and monitoring
  • Primary and continuing education requirements
  • Scheduled Policy Reviews
  • Definitions, applications, and examples
  • Section for Mortgage Call Report with quick guide references
  • Section for NMLS Required Reporting


Benefits

The plan features the following benefits:

  • Complete AllRegs' SAFE Act Policy Manual, saving you development time and resources
  • A policy is delivered via email within one business day after purchase
  • Meet your regulatory or internal compliance requirements
  • Affordable one-time purchase fees

Optional Services

Maintenance: Receive regular and ongoing industry updates to keep your policy within regulatory requirements.

Publishing: Publish your manual, including your company procedures, in AllRegs Online to complete your policy manual solution.

Contact your account manager for information regarding these optional services!


Policy Manual
S.A.F.E. Act
Section Title Priority Action
1.1 Goals and Objectives Mandatory Review Include the point of view or culture of your organization in this section, if applicable.
1.2 Required Review Mandatory Review Be sure this accurately reflects your company’s annual policy review process.
1.3.1 Employer/Institutions Recommended Best Practice Augment this section to define the organizational type that applies to your organization.
1.3.3 De Minimis Exception Recommended Best Practice Consider revising this to include any additional exception not required by regulation.
2.1 Internal Controls Mandatory Review Include or reference related procedures in this section.
2.2.1 NMLS Required Reporting Mandatory Review This section defines an executive role responsible for NMLS reporting. Include here the specific executive position that holds this responsibility.
3 Staff and Training Mandatory Review Include the means by which your organization provides and tracks required training.
5.2 Agency Regulated Institutions Recommended Best Practice Revise this section to specify your primary regulator.
6 Secondary Market Implications Optional Enhancement You may remove reference to any entities that do not apply to your institution.