§ 5112. Liability provisions

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. 2010

   Secure and Fair Enforcement for Mortgage Licensing Act of 2008

   Pub. L. 110–289 div. A title V § 1513 · 122 Stat. 2654

   Enacted · 12 U.S.C. § 5112

   Pub. L. 110–289, div. A, title V, § 1513, as added Pub. L. 111–203, title X, § 1100(8), July 21, 2010, 124 Stat. 2107

   Source evidence

   Code source credit
   Pub. L. 110–289, div. A, title V, § 1513, as added Pub. L. 111–203, title X, § 1100(8), July 21, 2010, 124 Stat. 2107

   Enacted provision · exact public law section
   SEC. 1513. LIABILITY PROVISIONS.   The Secretary, any State official or agency, any Federal banking agency, or any organization serving as the administrator of the Nationwide Mortgage Licensing System and Registry or a system established by the Secretary under section 1509, or any officer or employee of any such entity, 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.

2. 2018

   Economic Growth, Regulatory Relief, and Consumer Protection Act

   Pub. L. 115–174 title I § 106(c) · 132 Stat. 1296

   1. Substituted · 12 U.S.C. § 5112

      Pub. L. 115–174 substituted “persons who—” for “persons who are loan originators or are applying for licensing or registration as loan originators.”

   2. Added · 12 U.S.C. § 5112

      Pub. L. 115–174 added pars. (1) and (2)

   Source evidence

   Code amendment note
   Pub. L. 115–174 substituted “persons who—” for “persons who are loan originators or are applying for licensing or registration as loan originators.” and added pars. (1) and (2).

   Enacted provision · exact public law section
   (c) Civil Liability.— Section 1513 of the S.A.F.E. Mortgage Licensing Act of 2008 (12 U.S.C. 5112) is amended by striking “persons who are loan originators or are applying for licensing or registration as loan originators.” and inserting “persons who— “(1) have applied, are applying, or are licensed or registered through the Nationwide Mortgage Licensing System and Registry; and “(2) work in an industry with respect to which persons were licensed or registered through the Nationwide Mortgage Licensing System and Registry on the date of enactment of the Economic Growth, Regulatory Relief, and Consumer Protection Act.” .

   Effective date note
   Pub. L. 115–174, title I, § 106(d), May 24, 2018, 132 Stat. 1304, provided that: “This section [enacting section 5117 of this title and amending this section] and the amendments made by this section shall take effect on the date that is 18 months after the date of enactment of this Act [May 24, 2018].”

3 of 3 references resolved to an enrolled provision