2017 US Code
Title 12 - Banks and Banking
Chapter 51 - Secure and Fair Enforcement for Mortgage Licensing
Sec. 5108 - Backup authority to establish a nationwide mortgage licensing and registry system
| 12 U.S.C. § 5108 (2017) |
| §5108. Backup authority to establish a nationwide mortgage licensing and registry system |
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If at any time the Director determines that the Nationwide Mortgage Licensing System and Registry is failing to meet the requirements and purposes of this chapter for a comprehensive licensing, supervisory, and tracking system for loan originators, the Director shall establish and maintain such a system to carry out the purposes of this chapter and the effective registration and regulation of loan originators. |
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(Pub. L. 110–289, div. A, title V, §1509, July 30, 2008, 122 Stat. 2819; Pub. L. 111–203, title X, §1100(3), July 21, 2010, 124 Stat. 2106.) |
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AMENDMENTS
2010—Pub. L. 111–203 substituted "Director" for "Secretary" in two places. EFFECTIVE DATE OF 2010 AMENDMENTAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees. |
| United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 51 - SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING Sec. 5108 - Backup authority to establish a nationwide mortgage licensing and registry system |
| section 5108 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 122 Stat. 2819 124 Stat. 2106 |
| Public Law 110-289, Public Law 111-203 |
