Baltimore Real Estate Investing Blog

I recently wrote about the SAFE Mortgage Licensing Act.  Here is some of the actual wording from the proposed regulations regarding the SAFE Act.

As noted earlier, the SAFE Act encourages CSBS and AARMR to establish and maintain the NMLSR, and  these organizations have development of the NMLSR under way.   In addition to developing the NMLSR, CSBS and AARMR developed model legislation to aid and facilitate States’ compliance with the requirements of the SAFE Act.

I think that pretty much meets the definition of Gobbledygook.