Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter XX - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
Part 3400 - SAFE MORTGAGE LICENSING ACT |
Subpart B - Determination of State Compliance with the SAFE Act |
§ 3400.101 - Scope of this subpart.
Latest version.
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This subpart describes the minimum standards of the SAFE Act that apply to a state's licensing and registering of loan originators. This subpart also provides the procedures that HUD follows to determine that a state does not have in place a system for licensing and registering mortgage loan originators that complies with the minimum standards. Upon making such a determination, HUD will impose the requirements and exercise the enforcement authorities described in subparts C and E of this part.