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Fabio 76b8ec33a7 Legal corpus: the complete U.S. Code (59,740 sections, all 53 titles)
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
59,740; repo total 105,704 records. Deterministic (byte-identical rerun,
verified on Title 42's 8,356 sections); make check green. make
legal-us-code default now covers every title.

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5108 Backup authority to establish a nationwide mortgage licensing and registry system us united_states_code code_section 12 BANKS AND BANKING 51 SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING 5108 12 U.S.C. § 5108 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5108 data/legal/raw/us/code/title-12/usc12.xml b16c82d730ab9cd6a5ffe0a1a1af0b741263f9fbad29c61f8ee1873943ae4813 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 3932737621ff85d5c7c6320e339492a9a3380a6f6d8ed68e664c316407b008b4 2026-07-04 official
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12 U.S.C. § 5108 - Backup authority to establish a nationwide mortgage licensing and registry system

Text

If at any time the Director determines that the Nationwide Mortgage Licensing System and Registry is failing to meet the requirements and purposes of this chapter for a comprehensive licensing, supervisory, and tracking system for loan originators, the Director shall establish and maintain such a system to carry out the purposes of this chapter and the effective registration and regulation of loan originators.

(Pub. L. 110289, div. A, title V, § 1509, July 30, 2008, 122 Stat. 2819; Pub. L. 111203, title X, § 1100(3), July 21, 2010, 124 Stat. 2106.)

Notes

Editorial Notes

Amendments2010—Pub. L. 111203 substituted “Director” for “Secretary” in two places.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 AmendmentAmendment by Pub. L. 111203 effective on the designated transfer date, see section 1100H of Pub. L. 111203, set out as a note under section 552a of Title 5, Government Organization and Employees.