Under the SAFE Act (Secure and Fair Enforcement for Mortgage Licensing Act), the maximum civil penalty for each violation or failure to comply is $25,000 per act or omission. This applies to mortgage loan originators (MLOs) and others who violate licensing or regulatory requirements under the SAFE Act. Violations can include actions such as failing to obtain proper licensure or engaging in fraudulent lending practices.
[References:, SAFE Act, 12 USC ยง5107, NMLS Enforcement Guidelines, , ]
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