Bill > HR1480

This bill, titled the SAFE Act Confidentiality and Privilege Enhancement Act, amends the S.A.F.E. Mortgage Licensing Act of 2008 to broaden the types of regulatory officials who can access information within the Nationwide Mortgage Licensing System and Registry (NMLS), or any similar system created by the Director of the Consumer Financial Protection Bureau. Previously, only officials overseeing mortgage activities had access, but this bill extends that access to state and federal regulatory officials who have broader financial services oversight authority. Crucially, this expanded access is granted without compromising the privilege or confidentiality protections that are already in place under federal and state laws, ensuring that sensitive information remains protected.