Business · 09/02/2011

New System of Records for Mortgage Loan Originators Under the S.A.F.E. Act

The Farm Credit Administration (FCA) is establishing a new system of records for residential mortgage loan originators who must register in the Nationwide Mortgage Licensing System and Registry (NMLSR) to comply with the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act). The FCA is providing notice of the records under the Privacy Act of 1974 to ensure full compliance.