On May 20, 2013, the Consumer Financial Protection Bureau (CFPB) issued its Bulletin 2013-05 as guidance for the Uniform State Test for State-Licensed Mortgage Loan Originators developed by the Nationwide Mortgage Licensing System and Registry. The text of Bulletin 2013-05 is reprinted below: CFPB Bulletin 2013-05 Date: May 20, 2013 Subject: SAFE Act – Uniform State Test for State-Licensed Mortgage Loan Originators The Consumer Financial Protection Bureau (CFPB) is issuing this guidance in response to questions about whether states may use the Uniform State Test1 (UST) developed by the Nationwide Mortgage Licensing System and Registry (NMLSR) as part of a qualified written test under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). See attached for complete memorandum
