12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB) § 1008.205 — The Bureau's establishment of nationwide mortgage licensing system and registry

safe-12cfr-1008-205

12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB), §1008.205 The Bureau's establishment of nationwide mortgage licensing system and registry. Captured section-complete (all subsections verbatim).

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  authority: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB) § 1008.205 — The Bureau's establishment of nationwide mortgage licensing system and registry
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    12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB), §1008.205 The Bureau's establishment of nationwide mortgage licensing system and registry. Captured section-complete (all subsections verbatim).
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    section: 12 CFR §1008.205
    description: 'The Bureau''s establishment of nationwide mortgage licensing system and registry: If the Bureau determines that the NMLSR established by CSBS and AARMR does not meet the minimum requirements of subpart D of this part, the Bureau will establish and maintain a nationwide mortgage licensing system and registry.'
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      authority: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB) § 1008.205
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      paragraph_quote: If the Bureau determines that the NMLSR established by CSBS and AARMR does not meet the minimum requirements of subpart D of this part, the Bureau will establish and maintain a nationwide mortgage licensing system and registry.
      drafter_attestation: Verbatim (whitespace-normalized) slice of §1008.205 (whole section) from snapshot 8be7db7ff328d57d; substring-verified.

Verbatim regulatory text (1)

Verbatim provisions from 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB) § 1008.205 — The Bureau's establishment of nationwide mortgage licensing system and registry — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

12 CFR §1008.205

If the Bureau determines that the NMLSR established by CSBS and AARMR does not meet the minimum requirements of subpart D of this part, the Bureau will establish and maintain a nationwide mortgage licensing system and registry.

Source: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB) § 1008.205 · source URL · snapshot 8be7db7ff328d57d