FEDERAL · 12 U.S.C. · Chapter 51
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12 U.S.C. § 5103
Title12 — Banks and Banking
Chapter51 — SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING
This text of 12 U.S.C. § 5103 (License or registration required) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 5103.
Text
(a)In general
Subject to the existence of a licensing or registration regime, as the case may be, an individual may not engage in the business of a loan originator without first—
(1)obtaining, and maintaining annually—
(A)a registration as a registered loan originator; or
(B)a license and registration as a State-licensed loan originator; and
(2)obtaining a unique identifier.
(b)Loan processors and underwriters
A loan processor or underwriter who does not represent to the public, through advertising or other means of communicating or providing information (including the use of business cards, stationery, brochures, signs, rate lists, or other promotional items), that such individual can or will perform any of the activities of a loan originator shall not be required to be a State-lice
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Related
Reid v. Neighborhood Assistance Corp. of America
749 F.3d 581 (Seventh Circuit, 2014)
Coker v. Norwich Commercial Group, Inc.
(D. South Carolina, 2023)
Evans v. Hood
(District of Columbia, 2020)
Source Credit
History
(Pub. L. 110–289, div. A, title V, §1504, July 30, 2008, 122 Stat. 2814.)
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Bluebook (online)
12 U.S.C. § 5103, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5103.