Short Sale Specialists and the SAFE ACT or the Consumer Protection Bureau

HUD announced the SAFE Act Final RULE today. 

http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media...

They seem to defer to the newly created Consumer Protection Bureau on whether short-sale speciliasts should be licensed under the SAFE Act.

Can people comment on what the Bureau is planning or considering regarding the handling of short-sales, licensing or other rules/regulations?

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My first thought is I don't engage in the act of loan origination.  I am a porthole.  I am a conduit of information between a lender and my sellers.  I obtain amounts for a short payoff and do not engage in altering the loan.
I agree with Smitty, we are a conduit of information that gets passed through us from seller to lender and lender to seller.  I really didnt see anything in that HUD ruling that applied to us as agents, not sure how it applies to third party negotiations either.

The attorney for the Illinois Association of Realtors said this does not apply to us as well when I questioned him about it. It was still a good question to ask, and I'm grateful to the many members of this site for bringing it up.

From Florida Association Realtor News today, re recently enacted state laws for Florida: " You’re S.A.F.E. to move about the transaction. SB 1316  codifies into the Florida S.A.F.E. Mortgage Licensing Act the same language contained in a federal act that allows Florida real estate licensees to list and sell short sales without having to first obtain additional licensure under Chapter 494."

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