12 CFR 1008.309
§ 1008.309 Absence of liability for good-faith administration.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1008.309, § 1008.309 Absence of liability for good-faith administration, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49307
- Permanent ID
ys:prov:49307@1- SHA-256
ee2eb4719c9c7fed81a9890d560abf62d57f98c14589e4843002eead86b9e3e0
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The Bureau or any organization serving as the administrator of the Nationwide Mortgage Licensing System and Registry or a system established by the Bureau under 12 U.S.C. 5108 and in accordance with subpart C, or any officer or employee of the Bureau or the Bureau's designee, shall not be subject to any civil action or proceeding for monetary damages by reason of the good-faith action or omission of any officer or employee of any such entity, while acting within the scope of office or employment, relating to the collection, furnishing, or dissemination of information concerning persons who are loan originators or are applying for licensing or registration as loan originators.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.