SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING
Title 12 - Banks and Banking
Purposes and methods for establishing a mortgage licensing system and registry
Definitions
License or registration required
State license and registration application and issuance
Standards for State license renewal
System of registration administration by Federal agencies
Bureau of Consumer Financial Protection backup authority to establish loan originator licensing system
Backup authority to establish a nationwide mortgage licensing and registry system
Fees
Background checks of loan originators
Confidentiality of information
Liability provisions
Enforcement by the Bureau
State examination authority
Reports and recommendations to Congress
Study and reports on defaults and foreclosures
Employment transition of loan originators