Mortgage Law Tips for SAFE MLO Exam 📋

Prepare for the SAFE MLO Exam with this in-depth guide to Federal Mortgage-Related Laws—a must-know section for every Mortgage Loan Originator. Learn how key laws protect borrowers, regulate lending, and define MLO responsibilities for exam and career success.

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✅ WHAT’S COVERED IN THIS VIDEO
✓ Truth in Lending Act (TILA) – disclosure rules & right of rescission
✓ Real Estate Settlement Procedures Act (RESPA) – disclosures & prohibited practices
✓ Equal Credit Opportunity Act (ECOA) – protected classes & adverse action
✓ Fair Housing Act – fair lending and housing protections
✓ Fair Credit Reporting Act (FCRA) & FACTA – credit reporting & borrower rights
✓ Gramm-Leach-Bliley Act (GLBA) – data privacy & safeguarding rules
✓ HMDA, HOEPA, SAFE Act, MAP Rule, ATR/QM & USA PATRIOT Act

🔥 TOPICS BREAKDOWN (CHAPTERS)
00:00 – Truth in Lending Act (TILA) and HOEPA
09:23 – Advertising rules, right of rescission, and HOEPA high-cost provisions
14:33 – Real Estate Settlement Procedures Act (RESPA)
20:50 – Prohibited practices: kickbacks, referrals, escrow limits
26:05 – Equal Credit Opportunity Act (ECOA) & Fair Housing
30:48 – Notification of adverse action
35:20 – Fair Credit Reporting Act (FCRA) and FACTA
40:15 – Gramm-Leach-Bliley Act (GLBA) and privacy rules
43:28 – Home Mortgage Disclosure Act (HMDA) reporting
46:26 – SAFE Act provisions for MLOs

🧩 SUBTOPICS & DETAILS
✓ Regulation letters: Z (TILA), X (RESPA), B (ECOA)
✓ When disclosures are required and what they include
✓ Advertising and anti-steering rules under MAP
✓ Privacy and data handling under GLBA
✓ Reporting responsibilities under HMDA
✓ SAFE Act licensing and enforcement structure
✓ Common exam traps and how to avoid them

🎯 WHO THIS VIDEO IS FOR
✓ SAFE MLO exam candidates
✓ Loan originators learning compliance fundamentals
✓ Mortgage trainees studying for federal law sections
✓ Anyone preparing for the NMLS national exam

💡 EXAM SUCCESS TIPS
✓ Connect each law to its regulation letter (e.g., TILA = Z)
✓ Watch for overlapping rules (TILA-RESPA = TRID)
✓ Know timelines for disclosures and rescissions
✓ Understand borrower rights under ECOA & FCRA
✓ Review enforcement agencies for each act

🧠 KEY CONCEPTS
Federal mortgage laws, TILA, RESPA, ECOA, HMDA, GLBA, SAFE Act, borrower protections

🔗 HELPFUL LINKS
🌐 Birdsy → https://birdsy.ai/mlo

🌐 NMLS → https://mortgage.nationwidelicensingsystem.org

🌐 CFPB → https://www.consumerfinance.gov

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ℹ️ ABOUT BIRDSY
Birdsy helps you prep smarter for your MLO exam with AI-powered tools, memory aids, and real-world examples to reinforce your understanding.
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⚠️ Content supports U.S. MLO licensing standards. State-specific requirements may vary—verify with your local licensing agency before testing.