News & announcements for real estate and mortgage education.
New Rule Changes the Number of Times a MLO Can Fail SAFE Test
(OnlineEd – Portland, OR) – On August 29, 2011 the US Department of Housing and Urban Development (HUD) implemented a new rule for the SAFE Act. This rule changes the number of times a mortgage loan originator (MLO) can fail a SAFE MLO test component from four to three before being required to wait 180 days before retesting.