Compliance Question of the Week

The SAFE Act provides for a de minimus exception of five or fewer residential loans during the last 12 months. Is that a rolling 12 months or a calendar year?

It is a rolling 12 months.

Related Links

12 CFR 761.103(c)(2)

 

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

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