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The __________ is designed (in part) to establish and maintain a nationwide mortgage licensing system and registry. - S.A.F.E. Act An applicant who has had a loan originator license revoked previously is eligible for a license as long as __________ - this applicant is NOT eligible for a license What entity works with the NMLSR to establish a backup licensing system, licensing and registration requirements, unique identifiers, and state licensing law requirements? - Secretary of Housing and Urban Development The Secretary is required to submit periodic reports to Congress of the effectiveness of the SAFE Mortgage Licensing Act. What are some reasons why the Secretary is required to do so? - To strengthen consumer protections; to streamline communication between all stakeholders involved in residential mortgage loan origination and processing; to establish performance based bonding requirements for mortgage originators or institutions. In order to carry out the purposes of examination and investigation authority, this cannot be done - access personal and confidential information and distribute said information to the public in the event that doing so would be in the best interest of the general public Who determines continuing education requirements and dates for licensing renewal? - The state Regulatory Authority as established under the SAFE Act