FEDERAL · 12 U.S.C. · Chapter 51
Backup authority to establish a nationwide mortgage licensing and registry system
12 U.S.C. § 5108
Title12 — Banks and Banking
Chapter51 — SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING
This text of 12 U.S.C. § 5108 (Backup authority to establish a nationwide mortgage licensing and registry system) 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. § 5108.
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Source Credit
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.
Cite This Page — Counsel Stack
Bluebook (online)
12 U.S.C. § 5108, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5108.