SAFE ACT / Uniform State Test Exam
2026 Questions and Answers
Purpose of SAFE - Correct Answer --Create uniform regulations of mortgage loan
originators (IN EVERY STATE)
SAFE Act (Stand for): - Correct Answer --Secure and Fair Enforcement for
Mortgage Licensing Originators Act of 2008
SAFE Act (Regulates): - Correct Answer -Regulates G/H
G = Federal Registration
H = State Licensing
(license and registration please)
SAFE Act (Enforcer + Run by): - Correct Answer --Enforced by CFPD (Consumer
Financial Protection Bureau)
-Run by STATE's (States Enforce SAFE)
SAFE's History/Laws Created: - Correct Answer -Laws created after 2007 crash
TO REGULATE LOAN ORIGINATORS:
©COPYRIGHT 2025 ALL RIGHTS RESERVED 1
, 1) HERA Law (The Housing and Economic Recovery Act)--Didn't do much
2) CCBS (Conference of State Bank Supervision)
3) AARMR (American Association of Residential Mortgage Regulators)--Creating
minimum standards of licensing under SAFE
4) MSL (Model State Legislation)--The minimum licensing standards for SAFE
NMLS #: - Correct Answer -Nationwide Multi-state Licensing System and
Registry
-Federal Database of registered loan originators
-Unique # identifier for each originator
(electronic tracking + must give to clients/borrowers to search your history)
State Licensed Loan Originator - Correct Answer --Licensed by states
-Mortgage brokers/wholesalers must be licensed
Losing License IF: - Correct Answer -1) Do not originate loans + Do not do
continued education FOR 5 YEARS
-Must take SAFE all over again
©COPYRIGHT 2025 ALL RIGHTS RESERVED 2
2026 Questions and Answers
Purpose of SAFE - Correct Answer --Create uniform regulations of mortgage loan
originators (IN EVERY STATE)
SAFE Act (Stand for): - Correct Answer --Secure and Fair Enforcement for
Mortgage Licensing Originators Act of 2008
SAFE Act (Regulates): - Correct Answer -Regulates G/H
G = Federal Registration
H = State Licensing
(license and registration please)
SAFE Act (Enforcer + Run by): - Correct Answer --Enforced by CFPD (Consumer
Financial Protection Bureau)
-Run by STATE's (States Enforce SAFE)
SAFE's History/Laws Created: - Correct Answer -Laws created after 2007 crash
TO REGULATE LOAN ORIGINATORS:
©COPYRIGHT 2025 ALL RIGHTS RESERVED 1
, 1) HERA Law (The Housing and Economic Recovery Act)--Didn't do much
2) CCBS (Conference of State Bank Supervision)
3) AARMR (American Association of Residential Mortgage Regulators)--Creating
minimum standards of licensing under SAFE
4) MSL (Model State Legislation)--The minimum licensing standards for SAFE
NMLS #: - Correct Answer -Nationwide Multi-state Licensing System and
Registry
-Federal Database of registered loan originators
-Unique # identifier for each originator
(electronic tracking + must give to clients/borrowers to search your history)
State Licensed Loan Originator - Correct Answer --Licensed by states
-Mortgage brokers/wholesalers must be licensed
Losing License IF: - Correct Answer -1) Do not originate loans + Do not do
continued education FOR 5 YEARS
-Must take SAFE all over again
©COPYRIGHT 2025 ALL RIGHTS RESERVED 2
