Past Event

SAFE Act & Update
Two hour tele-web seminar June 15, 2012

This program reviews SAFE Act requirements and the steps necessary to avoid common violations. It reviews actions that should have been completed during the past year, actions required annually and actions required on an as needed basis.

This tele-web seminar will begin on Friday, June 15, 2012 at 11:30 AM to 1:30 PM Pacific Time.

On July 28, 2010 the OCC, Federal Reserve Board, FDIC, OTS, Farm Credit Administration, and NCUA (referred to as the Agencies) published the long awaited rules to implement the Secure and Fair Enforcement for Mortgage Licensing Act (the SAFE Act). The final rule was effective on October 1, 2010. The Registry began accepting registrations January 30, 2011.

The initial registration process was completed on July 30, 2011. Examiners have been reviewing SAFE Act compliance efforts since that time. Certain frequent violations are starting to emerge. Financial institutions also have ongoing responsibilities under the SAFE Act.The SAFE Act:

  • Mandates the registration of mortgage loan originators in the Nationwide Mortgage Licensing System and Registry (Registry).
  • Prohibits an individual from engaging in the business of residential mortgage loan origination without first obtaining and maintaining annually a registration as a registered mortgage loan originator and obtaining a unique identifier.


  • Requirements of the SAFE Act and the implementing regulations;
  • Which institutions are impacted by the new rules;
  • Who must be registered;
  • When registration must be completed;
  • How to register the bank and each MLO;
  • Fingerprinting and other data submission requirements;
  • The process of annual registration renewal;
  • The requirement for annual independent testing for compliance;
  • The content of required policies and procedures.


Compliance, HR, lending, audit and financial institution management and their mortgage lending subsidiaries.


Jack Holzknecht, a principal with Pegasus Educational Services, LLC, has provided training to thousands of bankers and examiners for 36 years. Jack’s career began as a federal bank examiner. He also headed the form and software division of a regional consulting company and spent 7 years in charge of their education division. He also developed and delivered training for the FDIC and OTS.

Credit Information

2.0 total credits


Member price: $250.00 | Non member price $500.00