The SAFE Act enhances consumer protection and reduces fraud by ensuring that states establish minimum standards and for the licensing of mortgage loan originators in accordance with the SAFE Act. HUD is responsible for reviewing each state's SAFE Act licensing statute or regulation, and for regularly monitoring the states for compliance. HUD also has oversight responsibility for the Nationwide Mortgage Licensing System and Registry (NMLSR), a publicly accessible and web-based database for originator information, operated by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR).
Administering Office: Assistant Secretary for Housing-Federal Housing Commissioner,
U.S. Department of Housing and Urban Development, Washington, DC 20410