Wednesday, January 25, 2012
7:30 a.m. - 9:30 a.m.

Secure and Fair Enforcement for Mortgage Licensing Act (the “SAFE Act”) Update

In 2008 the Federal Government adopted the SAFE Mortgage Licensing ACT mandating compliance by the States with new licensing requirements for "loan originators". In June 2011, the federal Department of Housing and Urban Development published the SAFE Mortgage Licensing Act: Minimum Licensing Standards and Oversight Responsibilities - a mere 38 pages long that outlines the licensing requirements for anyone originating a loan! There has been much discussion about whether these new requirements apply to park owners who sell homes and lend money to buyers or lease homes with an option to buy. The January 2012 MHET Forum will revisit the regulations and discuss in detail if and when they apply to park owners. Serious fines are levied against non-compliant lenders, so this is nothing to ignore.

Speakers

Amber Monte, Chief Operating Officer
Investment Property Group

Dick Ernst, President
Financial Marking Associates, Inc.

Sean Robbins, President
Blackhawk Capital Group

More information, please call at (949) 380-3303 or download the Registration Form.

Calendar of Events

2012 Breakfast Forums
4th Wednesday of the Month at 7:30 a.m.

Mark your calendar for upcoming Forums:

• January 25, 2012
Breakfast Forum

“Secure and Fair Enforcement for Mortgage Licensing Act (the “SAFE Act”) Update”

• February 22, 2012

• March 28, 2012

• April 25, 2012