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Congressman Ellison Introduces Additional Mortgage Protection Legislation; Would Preserve and Extend Nonprofit Housing Services
Washington, D.C - April 22, 2010 - (RealEstateRama) -- Congressman Keith Ellison (D-MN) introduced the Flexible Licensing Compliance for Nonprofit Housing Employees Act of 2010. This legislation would extend the time nonprofit housing employees have to comply with mortgage loan origination licensing requirements set forth in the Secure and Fair Enforcement Mortgage Licensing Act of 2008 ("SAFE Act") to January 1, 2011.
