On July 28, 2010 the
Nation Credit Union Association (NCUA) and other Federal Agencies published
a final rule to implement the federal registration requirements of the
Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E.
Act). The registration requirements apply to all employees acting in the
capacity of a Mortgage Loan Originator (MLO). The S.A.F.E. Act requires all
MLO's to register with the Nationwide Mortgage Licensing System and Registry
(NMLS). Once registered, each MLO is provided a Unique Identifier from the
NMLS. An MLO must provide this Unique Identifier to each mortgage loan
applicant upon request and prior to the employee acting as an MLO.