In California, a criminal defendant can be initially "charged" with a felony although no probable cause determination has been made.  This raises an issue concerning the precise meaning question F(2) on Form MU4, required for registry with the Nationwide Mortgage Licensing System (NMLS), which asks, “Are there pending charges against you for any felony?”


“the SAFE Act requires applicants to submit to credit checks to determine if an applicant has demonstrated ‘financial responsibility, character, and general fitness such as to command the confidence of the community and to warrant a determination that applicants will operate honestly, fairly, and effectively”
Continue Reading First SAFE Act Mortgage Loan Originator Cases Coming