12 CFR 1008.203
§ 1008.203 The Bureau's establishment of loan originator licensing system.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1008.203, § 1008.203 The Bureau's establishment of loan originator licensing system, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49300
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Full text
If the Bureau determines, in accordance with § 1008.115(e), that a state has not established a licensing and registration system in compliance with the minimum standards of the S.A.F.E. Act, the Bureau shall apply to individuals in that state the minimum standards of the S.A.F.E. Act, as specified in subpart B, which provides the minimum requirements that a state must meet to be in compliance with the S.A.F.E. Act, and as may be further specified in this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.