Q Does the SAFE Act require the credit union to post the unique identifiers of its registered MLOs on the institution’s website?
A No. The credit union isn’t required to post registered MLOs’ unique identifiers on its website.
Doing so is strictly voluntary, as is providing the numbers in program descrip-tions, advertisements, or on business cards.
Under the SAFE Act, a registered MLO is required to provide his unique identifier to a consumer only upon request, before acting as an MLO, and through the MLO’s initial written communication with a consumer, if any, whether on paper or electronically.
Visit CUNA’s compliance blog—“CompBlog”—at cuna.org. Email email@example.com with questions or ideas for blog posts, and keep the conversation going with your peers on COBWEB—CUNA’s compliance listserv.