FEDERAL · 12 U.S.C. · Chapter 51
Backup authority to establish a nationwide mortgage licensing and registry system
Current through Pub. L. 119-102
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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12 U.S.C. § 5108 (Backup authority to establish a nationwide mortgage licensing and registry system) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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History
(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.)
Editorial Notes
Editorial Notes
Amendments
2010—Pub. L. 111–203 substituted "Director" for "Secretary" in two places.
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment 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.
Amendments
2010—Pub. L. 111–203 substituted "Director" for "Secretary" in two places.
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment 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.