Section 599-A. Legislative purpose

The legislature deems it necessary, in
  order to enhance consumer protection, reduce fraud and ensure the public
  welfare, that mortgage loan originators who originate mortgage loans  on
  residential real property be subject to regulation by the superintendent
  and  that  such regulation be consistent with Title V of The Housing and
  Economic Recovery Act of 2008,  also  known  as  the  S.A.F.E.  Mortgage
  Licensing  Act,  as it may be amended from time to time, and regulations
  thereunder or interpretations thereof, that may be adopted from time  to
  time  by  the  Secretary  of  the  U.S.  Department of Housing and Urban
  Development.