Category: SAFE Act
New National LO Exam Pass Rate 69%
The pass rate of the new national LO exam is 69%. Between July 30, 2009 and November 30, 2009: 10,421 national exams were taken and 7,219 passed the exam. The report PDF is available here. This means the new national exam is too easy, like I surmised back in June. Or is it? What would be [...]
View PostSAFE Act
From the NMLS: “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 new federal law gave states one year to pass legislation requiring the licensure of mortgage loan originators according to national standards and the participation of state agencies [...]
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