Outline: Home Economic Recovery Act (HERA) Nationwide Mortgage Licensing System and Registry Creation of the NMLS Objectives of the SAFE Act Definitions of Mortgage Functions Entities Regulated State Licensing Requirements Entities regulated Education and Testing Licensing Renewals Exclusions and Exemptions Registered Licensing Requirements Relationship between Federal and State Laws covering mortgage originators Investigations, examinations and penalties Learning Objectives:         Understand the objectives of the SAFE Act. Understand the licensing requirements for Mortgage Loan …