The CFPB has issued guidance that provides states may use the Uniform State Test (UST) developed by the Nationwide Mortgage Licensing System and Registry (NMLSR) to satisfy the testing requirement of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act).   

The SAFE Act requires state-licensed mortgage loan originators to pass a “qualified written test” developed by the NMLSR. … Continue Reading