12-U.S.C.-5108

§5108 – Backup Authority to Establish A Nationwide Mortgage Licensing and Registry System

Pathway

Title 12 > Chapter 51 > Section 5108

Details

• Reference: Section 5108
• Legend: §5108 – Backup Authority to Establish A Nationwide Mortgage Licensing and Registry System
• USCode Year: 2013

Provision Content

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.

(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.)

Amendments

2010—Pub. L. 111–203 substituted Director for Secretary in two places.

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.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-5008 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-5008, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

Subchapter II – Technical Assistance and Capacity Building in the Legal Encyclopedia: Mortgage

In this entry about Subchapter II – Technical Assistance and Capacity Building, find legal reference material, bibliographies and premiere content related to mortgage in the American Encyclopedia of Law, presenting a comprehensive view of the United States mortgage-specific issues, written by authorities in the field.

Title 12 – Banks And Banking in the Legal Encyclopedia: Licensing

In this entry about Title 12 – Banks And Banking, find legal reference material, bibliographies and premiere content related to licensing in the American Encyclopedia of Law, presenting a comprehensive view of the United States licensing-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 12 (Banks And Banking) guided by subject interests.