The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) mandates the registration of mortgage loan originators (MLOs). Section .103(b)(1)(i) of the SAFE Act regulations requires MLOs to renew their registration each year during the annual renewal period. The annual renewal period extends from November 1st to December 31st.
The annual registration requirement does not apply to a registered MLO who completed his or her initial registration with the Registry less than 6 months prior to the end of the annual renewal period. In other words, if the initial registration occurs on or after July 1st through December 31st no renewal is required in the year of the initial registration.