2011 US Code
Title 12 - Banks and Banking
Chapter 51 - SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING (§§ 5101 - 5116)
Table Of Contents

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Metadata
Publication TitleUnited States Code, 2006 Edition, Supplement 5, Title 12 - BANKS AND BANKING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 12 - BANKS AND BANKING
CHAPTER 51 - SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING
Table Of Contents
Date2011
Laws in Effect as of DateJanuary 3, 2012
Positive LawNo
Dispositionstandard

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Sec.
5101.Purposes and methods for establishing a mortgage licensing system and registry.
5102.Definitions.
5103.License or registration required.
5104.State license and registration application and issuance.
5105.Standards for State license renewal.
5106.System of registration administration by Federal agencies.
5107.Bureau of Consumer Financial Protection backup authority to establish loan originator licensing system.
5108.Backup authority to establish a nationwide mortgage licensing and registry system.
5109.Fees.
5110.Background checks of loan originators.
5111.Confidentiality of information.
5112.Liability provisions.
5113.Enforcement by the Bureau.
5114.State examination authority.
5115.Reports and recommendations to Congress.
5116.Study and reports on defaults and foreclosures.

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