12 U.S. Code § 5103 - License or registration required

(a) In general
Subject to the existence of a licensing or registration regime, as the case may be, an individual may not engage in the business of a loan originator without first—
(1) obtaining, and maintaining annually—
(A) a registration as a registered loan originator; or
(B) a license and registration as a State-licensed loan originator; and
(2) obtaining a unique identifier.
(b) Loan processors and underwriters
(1) Supervised loan processors and underwriters
A loan processor or underwriter who does not represent to the public, through advertising or other means of communicating or providing information (including the use of business cards, stationery, brochures, signs, rate lists, or other promotional items), that such individual can or will perform any of the activities of a loan originator shall not be required to be a State-licensed loan originator.
(2) Independent contractors
An independent contractor may not engage in residential mortgage loan origination activities as a loan processor or underwriter unless such independent contractor is a State-licensed loan originator.

Source

(Pub. L. 110–289, div. A, title V, § 1504,July 30, 2008, 122 Stat. 2814.)

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12 CFR - Banks and Banking

12 CFR Part 34 - REAL ESTATE LENDING AND APPRAISALS

12 CFR Part 163 - SAVINGS ASSOCIATIONS—OPERATIONS

12 CFR Part 211 - INTERNATIONAL BANKING OPERATIONS (REGULATION K)

12 CFR Part 365 - REAL ESTATE LENDING STANDARDS

12 CFR Part 563 - SAVINGS ASSOCIATIONS—OPERATIONS

12 CFR Part 761 - REGISTRATION OF RESIDENTIAL MORTGAGE LOAN ORIGINATORS

12 CFR Part 1007 - S.A.F.E. MORTGAGE LICENSING ACT—FEDERAL REGISTRATION OF RESIDENTIAL MORTGAGE LOAN ORIGINATORS (REGULATION G)

12 CFR Part 1008 - S.A.F.E. MORTGAGE LICENSING ACT—STATE COMPLIANCE AND BUREAU REGISTRATION SYSTEM (REGULATION H)

24 CFR - Housing and Urban Development

24 CFR Part 3400 - SAFE MORTGAGE LICENSING ACT

 

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