Finance
Under the SAFE Act (Secure and Fair Enforcement for Mortgage Licensing Act), residential mortgage loan originators in Georgia must:
AA. Hold a real estate license from GREC
BB. Be licensed or registered through the Nationwide Multistate Licensing System (NMLS)✓ Correct
CC. Obtain approval from HUD before originating loans
DD. Be employed by a federally chartered bank
Explanation
The SAFE Act requires residential mortgage loan originators (MLOs) to be either licensed through their state's NMLS-integrated system or registered as employees of federally regulated institutions. Georgia implemented the SAFE Act through the Georgia Residential Mortgage Act.
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