Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)

The Safe and Fair Enforcement for Mortgage Licensing Act (SAFE Act) is a law that requires mortgage loan originators—people who help consumers apply for home loans—to be properly licensed and regulated. Its goal is to enhance consumer protection by ensuring these professionals meet certain qualifications, pass background checks, and follow consistent standards nationwide. This helps prevent fraud, ensures ethical conduct, and promotes transparency in the mortgage lending process, making it safer and more trustworthy for consumers seeking home financing.