The SAFE Act mandated what term?

The SAFE Act, or the Secure and Fair Enforcement for Mortgage Licensing Act, mandated the establishment of a nationwide licensing and registration system for mortgage loan originators. It aimed to enhance consumer protection and reduce fraud by requiring loan originators to obtain a unique identifier and adhere to specific education and testing requirements. Additionally, it sought to ensure that state laws were consistent across the country to promote accountability and transparency in the mortgage industry.