The SAFE Act renewal period for Mortgage Loan Officers expires on December 31, 2011. The SAFE Act requires credit unions and its Mortgage Loan Officers to renew their registration between the annual renewal period each year. Exceptions are made for Mortgage Loan officers that registered for the first time less than six months prior to the end of the annual renewal period. The annual renewal period runs from November 1 through December 31 of each year. Any credit union and Mortgage Loan Officer that fails to register is prohibited from originating mortgages.
If you have questions or need more information, please contact compliance@ncleague.org.