Notice Regarding How to Include Dodd-Frank Act Information in Course Content

NMLS has posted a notice providing guidance about how to include accurate information on the Dodd-Frank Act in course material given that many of the rules associated with implementing the law are still being written. The intent is to ensure providers and MLOs have an understanding of what aspects of the law are currently in effect, and what is pending (and therefor still subject to interpretation by the respective agency responsible for rule making). Ultimately, the goal of this notice is to ensure course providers, when providing instruction on Dodd-Frank, impress upon MLOs the difference between “fact and speculation” about current and pending changes of mortgage lending laws.  The notice is posted in the course provider page of the NMLS Resource Center under section “Administrative Notices.”

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