12 USC 5106 - System of registration administration by Federal agencies

U.S Code last checked for updates: Nov 22, 2024

§ 5106.

System of registration administration by Federal agencies

(a)

Development

(1)

In general

(2)

Registration requirements

In connection with the registration of any loan originator under this subsection, the Bureau shall, at a minimum, furnish or cause to be furnished to the Nationwide Mortgage Licensing System and Registry information concerning the identity of the employee, including—

(A)

fingerprints for submission to the Federal Bureau of Investigation, and any governmental agency or entity authorized to receive such information for a State and national criminal history background check; and

(B)

personal history and experience, including authorization for the Nationwide Mortgage Licensing System and Registry to obtain information related to any administrative, civil or criminal findings by any governmental jurisdiction.

(b)

Coordination

(1)

Unique identifier

(2)

Nationwide Mortgage Licensing System and Registry development

(c)

Consideration of factors and procedures

(Pub. L. 110–289, div. A, title V, § 1507, July 30, 2008, 122 Stat. 2817; Pub. L. 111–203, title X, § 1100(2), (5), July 21, 2010, 124 Stat. 2106.)

cite as: 12 USC 5106