12 U.S.C. § 5101
Purposes and methods for establishing a mortgage licensing system and registry
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 5101, Purposes and methods for establishing a mortgage licensing system and registry, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438895
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Full text
In order to increase uniformity, reduce regulatory burden, enhance consumer protection, and reduce fraud, the States, through the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators, are hereby encouraged to establish a Nationwide Mortgage Licensing System and Registry for the residential mortgage industry that accomplishes all of the following objectives:
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Housing and Economic Recovery Act of 2008