Secure and Fair Enforcement for Mortgage Licensing | Midpage

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United States Code

Chapter 51

Secure and Fair Enforcement for Mortgage Licensing

5101Purposes and methods for establishing a mortgage licensing system and registry 5102Definitions 5103License or registration required 5104State license and registration application and issuance 5105Standards for State license renewal 5106System of registration administration by Federal agencies 5107Bureau of Consumer Financial Protection backup authority to establish loan originator licensing system 5108Backup authority to establish a nationwide mortgage licensing and registry system 5109Fees 5110Background checks of loan originators 5111Confidentiality of information 5112Liability provisions 5113Enforcement by the Bureau 5114State examination authority 5115Reports and recommendations to Congress 5116Study and reports on defaults and foreclosures 5117Employment transition of loan originators