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.

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