Which law requires that all mortgage loan originators be registered?

The Secure and Fair Enforcement Act, often referred to as the SAFE Act, requires that all mortgage loan originators be registered in the Nationwide Mortgage Licensing System and Registry (NMLSR). This legislation was introduced to enhance consumer protection and reduce fraud by establishing minimum standards for the licensing and registration of mortgage loan originators. The SAFE Act aims to ensure that individuals engaged in mortgage origination activities have a clear understanding of compliance requirements and ethical practices.

By mandating registration, the SAFE Act aims to create a transparent system where consumers can verify the credentials of mortgage loan originators, thereby promoting accountability and professionalism within the industry. This act plays a critical role in establishing a national standard to regulate mortgage origination practices and enhance the overall integrity of the mortgage lending process.

The other options listed either relate to different areas of mortgage or lending practices or do not specifically address the registration of mortgage loan originators. For instance, the National Flood Insurance Program concerns insurance related to flood risks, while the Mortgage Disclosure Improvement Act and the Truth in Lending Act focus on different aspects of lending disclosures and consumer credit information, but do not mandate the registration of mortgage loan originators.