A loan originator works exclusively for a nonprofit organization that makes mortgage loans at below-market rates to low-income borrowers. Under the SAFE Act, this individual is:
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A
Fully exempt from all SAFE Act requirements
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B
Required to obtain a state MLO license
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C
Required only to register with HUD, not NMLS
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D
Exempt only if the nonprofit is tax-exempt under IRS code 501(c)(3)