§ 1008.101. Scope of this subpart.
81 words·~1 min read·
/us/cfr/t12/s§ 1008.101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This subpart describes the minimum standards of the S.A.F.E. Act that apply to a state's licensing and registering of loan originators. This subpart also provides the procedures that the Bureau follows to determine that a state does not have in place a system for licensing and registering mortgage loan originators that complies with the minimum standards. Upon making such a determination, the Bureau will impose the requirements and exercise the enforcement authorities described in subparts C and E of this part.