SAFE Mortgage Licensing Act of 2008

Title V of P.L. 110-289, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”), was passed on July 30, 2008. The SAFE Act is designed to enhance consumer protection and reduce fraud through the setting of minimum standards. Mortgage loan originators who work for an insured depository or its owned or controlled subsidiary that is regulated by a federal banking agency, or for an institution regulated by the Farm Credit Administration, are required to be registered and receive a UI (Unique Identifier) number. This number is used to track all loan activity by the individual.

The SAFE Act also requires all MLOs to submit fingerprints to the Nationwide Mortgage Licensing System (NMLS) for submission to the FBI for a criminal background check. All American Bank & Trust associates with Mortgage lending authority have been registered and approved in order to meet the Mortgage needs of our customers.

Click here for a listing of our registered associates.
For further information visit: