The Federal Deposit Insurance Corp. (FDIC) Board of Directors approved a final draft rule governing the registration of mortgage lenders and individual origination employees. It's the latest step in federal and state agencies’ continued implementation of the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act. As one of a number of agencies involved in regulating institutions affected by the SAFE Act, the FDIC needed to implement the law’s regulations in its own set of guidelines. Other agencies that have approved final rules or are in the process of doing so include the Treasury Department, the Federal Reserve, and the Farm Credit Administration and National Credit Union Administration. The FDIC’s approved rule tracks the definition of a mortgage loan originator, as outlined in the SAFE Act, and requires financial institutions and mortgage originators to register with the Nationwide Mortgage Licensing System and Registry (NMLSR). Along with the federal agencies implementing SAFE Act rules, states legislatures are passing laws to implement the act as well. The deadline for implementing state registration systems was in August, but each state's law creates its own deadline for individuals to register. Write to Austin Kilgore.