source:
  type: regulation
  id: bsa-31cfr-1029.210
  authority: 31 CFR §1029.210 — Anti-money laundering programs for loan or finance companies
  description: 'FinCEN rule for residential mortgage lenders/originators and other loan

    or finance companies — written AML program with four-pillar minimum

    content under 31 CFR §1029.210.

    '
obligations:
- id: bsa-31cfr-1029.210-a
  canonical_id: bsa-31cfr-1029.210-a
  section: 31 CFR §1029.210(a)
  description: '(a): (a) Anti-money laundering program requirements for loan or finance companies. Each
    loan or finance company shall develop and implement a written anti-money laundering program that is
    reasonably designed to prevent the loan or finance company from being used to facilitate money laundering
    or the fina…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 31 CFR §1029.210(a)
    source_class: fincen
    source_url: https://www.law.cornell.edu/cfr/text/31/1029.210
    snapshot_id: 832b56502664a1ab
    fetched_at: '2026-05-22T11:34:26Z'
    content_hash: sha256:e9c6547d5718ba392e38d411e9560459ac3a435513a9c2fd32a1138f426c7b34
    paragraph_quote: (a) Anti-money laundering program requirements for loan or finance companies. Each
      loan or finance company shall develop and implement a written anti-money laundering program that
      is reasonably designed to prevent the loan or finance company from being used to facilitate money
      laundering or the financing of terrorist activities. The program must be approved by senior management.
      A loan or finance company shall make a copy of its anti-money laundering program available to the
      Financial Crimes Enforcement Network or its designee upon request.
    drafter_attestation: Verbatim subsection of 31 CFR §1029.210 from Cornell LII snapshot 832b56502664a1ab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: bsa-31cfr-1029.210-b
  canonical_id: bsa-31cfr-1029.210-b
  section: 31 CFR §1029.210(b)
  description: '(b): (b) Minimum requirements. At a minimum, the anti-money laundering program shall:
    (1) Incorporate policies, procedures, and internal controls based upon the loan or finance company''s
    assessment of the money laundering and terrorist financing risks associated with its products and
    services. Policies, …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 31 CFR §1029.210(a)
    source_class: fincen
    source_url: https://www.law.cornell.edu/cfr/text/31/1029.210
    snapshot_id: 832b56502664a1ab
    fetched_at: '2026-05-22T11:34:26Z'
    content_hash: sha256:e9c6547d5718ba392e38d411e9560459ac3a435513a9c2fd32a1138f426c7b34
    paragraph_quote: '(b) Minimum requirements. At a minimum, the anti-money laundering program shall:
      (1) Incorporate policies, procedures, and internal controls based upon the loan or finance company''s
      assessment of the money laundering and terrorist financing risks associated with its products and
      services. Policies, procedures, and internal controls developed and implemented by a loan or finance
      company under this section shall include provisions for complying with the applicable requirements
      of subchapter II of chapter 53 of title 31, United States Code and this part, integrating the company''s
      agents and brokers into its anti-money laundering program, and obtaining all relevant customer-related
      information necessary for an effective anti-money laundering program. (2) Designate a compliance
      officer who will be responsible for ensuring that:'
    drafter_attestation: Verbatim subsection of 31 CFR §1029.210 from Cornell LII snapshot 832b56502664a1ab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: bsa-31cfr-1029.210-i
  canonical_id: bsa-31cfr-1029.210-i
  section: 31 CFR §1029.210(i)
  description: '(i): (i) The anti-money laundering program is implemented effectively, including monitoring
    compliance by the company''s agents and brokers with their obligations under the program; (ii) The
    anti-money laundering program is updated as necessary; and (iii) Appropriate persons are educated
    and trained in ac…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 31 CFR §1029.210(a)
    source_class: fincen
    source_url: https://www.law.cornell.edu/cfr/text/31/1029.210
    snapshot_id: 832b56502664a1ab
    fetched_at: '2026-05-22T11:34:26Z'
    content_hash: sha256:e9c6547d5718ba392e38d411e9560459ac3a435513a9c2fd32a1138f426c7b34
    paragraph_quote: (i) The anti-money laundering program is implemented effectively, including monitoring
      compliance by the company's agents and brokers with their obligations under the program; (ii) The
      anti-money laundering program is updated as necessary; and (iii) Appropriate persons are educated
      and trained in accordance with paragraph (b)(3) of this section. (3) Provide for on-going training
      of appropriate persons concerning their responsibilities under the program. A loan or finance company
      may satisfy this requirement with respect to its employees, agents, and brokers by directly training
      such persons or verifying that such persons have received training by a competent third party with
      respect to the products and services offered by the loan or finance company. (4) Provide for independent
      testing to monitor and maintain an adequate program, including testing to determine compliance of
      the company's agents and brokers with their obligations under the program. The scope and frequency
      of the testing shall be commensurate with the risks posed by the company's products and services.
      Such testing may be conducted by a third party or by any officer or employee of the loan or finance
      company, other than the person designated in paragraph (b)(2) of this section.
    drafter_attestation: Verbatim subsection of 31 CFR §1029.210 from Cornell LII snapshot 832b56502664a1ab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: bsa-31cfr-1029.210-c
  canonical_id: bsa-31cfr-1029.210-c
  section: 31 CFR §1029.210(c)
  description: '(c): (c) Compliance. Compliance with this section shall be examined by FinCEN or its delegates,
    under the terms of the Bank Secrecy Act . Failure to comply with the requirements of this section
    may constitute a violation of the Bank Secrecy Act and of this part.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 31 CFR §1029.210(a)
    source_class: fincen
    source_url: https://www.law.cornell.edu/cfr/text/31/1029.210
    snapshot_id: 832b56502664a1ab
    fetched_at: '2026-05-22T11:34:26Z'
    content_hash: sha256:e9c6547d5718ba392e38d411e9560459ac3a435513a9c2fd32a1138f426c7b34
    paragraph_quote: (c) Compliance. Compliance with this section shall be examined by FinCEN or its delegates,
      under the terms of the Bank Secrecy Act . Failure to comply with the requirements of this section
      may constitute a violation of the Bank Secrecy Act and of this part.
    drafter_attestation: Verbatim subsection of 31 CFR §1029.210 from Cornell LII snapshot 832b56502664a1ab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: bsa-31cfr-1029.210-d
  canonical_id: bsa-31cfr-1029.210-d
  section: 31 CFR §1029.210(d)
  description: '(d): (d) Compliance date. A loan or finance company must develop and implement an anti-money
    laundering program that complies with the requirements of this section by August 13, 2012. Bank Secrecy
    Act CFR Toolbox Law about... Articles from Wex Table of Popular Names Parallel Table of Authorities
    Accessib…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 31 CFR §1029.210(a)
    source_class: fincen
    source_url: https://www.law.cornell.edu/cfr/text/31/1029.210
    snapshot_id: 832b56502664a1ab
    fetched_at: '2026-05-22T11:34:26Z'
    content_hash: sha256:e9c6547d5718ba392e38d411e9560459ac3a435513a9c2fd32a1138f426c7b34
    paragraph_quote: (d) Compliance date. A loan or finance company must develop and implement an anti-money
      laundering program that complies with the requirements of this section by August 13, 2012. Bank
      Secrecy Act CFR Toolbox Law about... Articles from Wex Table of Popular Names Parallel Table of
      Authorities Accessibility About LII Contact us Advertise here Help Terms of use Privacy
    drafter_attestation: Verbatim subsection of 31 CFR §1029.210 from Cornell LII snapshot 832b56502664a1ab;
      body isolated between nav and notes; substring-verified.
  judgment: false
