Regulations last checked for updates: May 03, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025
§ 1008.101 - Scope of this subpart.

This subpart describes the minimum standards of the S.A.F.E. Act that apply to a state's licensing and registering of loan originators. This subpart also provides the procedures that the Bureau follows to determine that a state does not have in place a system for licensing and registering mortgage loan originators that complies with the minimum standards. Upon making such a determination, the Bureau will impose the requirements and exercise the enforcement authorities described in subparts C and E of this part.

authority: 12 U.S.C. 5101-5116; Pub. L. 111-203, 124 Stat. 1376
source: 76 FR 78487, Dec. 19, 2011, unless otherwise noted.
cite as: 12 CFR 1008.101