§ 5108. Backup authority to establish a nationwide mortgage licensing and registry system

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 2008

   Secure and Fair Enforcement for Mortgage Licensing Act of 2008

   Pub. L. 110–289 div. A title V § 1509 · 122 Stat. 2654

   Enacted · 12 U.S.C. § 5108

   Pub. L. 110–289, div. A, title V, § 1509, July 30, 2008, 122 Stat. 2819

   Source evidence

   Code source credit
   Pub. L. 110–289, div. A, title V, § 1509, July 30, 2008, 122 Stat. 2819

   Enacted provision · exact public law section
   SEC. 1509. BACKUP AUTHORITY TO ESTABLISH A NATIONWIDE MORTGAGE LICENSING AND REGISTRY SYSTEM.   If at any time the Secretary determines that the Nationwide Mortgage Licensing System and Registry is failing to meet the requirements and purposes of this title for a comprehensive licensing, supervisory, and tracking system for loan originators, the Secretary shall establish and maintain such a system to carry out the purposes of this title and the effective registration and regulation of loan originators.

2. 2010

   Consumer Financial Protection Act of 2010

   Pub. L. 111–203 title X § 1100(3) · 124 Stat. 1376

   Substituted · 12 U.S.C. § 5108

   Pub. L. 111–203 substituted “Director” for “Secretary” in two places

   Source evidence

   Code amendment note
   Pub. L. 111–203 substituted “Director” for “Secretary” in two places.

   Enacted provision · exact public law section
   (3) by 12 USC 5102 et seq. striking “Secretary” each place that term appears and inserting “Director”;

   Effective date note
   Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

2 of 2 references resolved to an enrolled provision