source:
  type: regulation
  id: safe-12cfr-1007.103
  authority: 12 CFR §1007.103 — Registration of mortgage loan originators (SAFE Act)
  description: 'Federal MLO registration requirement (SAFE Act, Federal-Registry side)

    for employees of "covered financial institutions" (banks, savings

    associations, credit unions, Farm Credit institutions, and their

    subsidiaries).

    '
obligations:
- id: safe-12cfr-1007.103-a
  canonical_id: safe-12cfr-1007.103-a
  section: 12 CFR §1007.103(a)
  description: '(a): (a) Registration requirement —(1) Employee registration. Each employee of a covered
    financial institution who acts as a mortgage loan originator must register with the Registry, obtain
    a unique identifier , and maintain this registration in accordance with the requirements of this part.
    Any such emp…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: '(a) Registration requirement —(1) Employee registration. Each employee of a covered
      financial institution who acts as a mortgage loan originator must register with the Registry, obtain
      a unique identifier , and maintain this registration in accordance with the requirements of this
      part. Any such employee who is not in compliance with the registration and unique identifier requirements
      set forth in this part is in violation of the S.A.F.E. Act and this part. (2) Covered financial
      institution requirement —(i) In general. A covered financial institution that employs one or more
      individuals who act as a residential mortgage loan originator must require each such employee to
      register with the Registry, maintain this registration, and obtain a unique identifier in accordance
      with the requirements of this part. (ii) Prohibition. A covered financial institution must not permit
      an employee who is subject to the registration requirements of this part to act as a mortgage loan
      originator for the covered financial institution unless such employee is registered with the Registry
      pursuant to this part. (3) [Reserved] (4) Employees previously registered or licensed through the
      Registry —(i) In general. If an employee of a covered financial institution was registered or licensed
      through, and obtained a unique identifier from, the Registry and has maintained this registration
      or license before the employee becomes subject to this part at the current covered financial institution
      , then the registration requirements of the S.A.F.E. Act and this part are deemed to be met, provided
      that: (A) The employment information in paragraphs (d)(1)(i)(C) and (d)(1)(ii) of this section is
      updated and the requirements of paragraph (d)(2) of this section are met; (B) New fingerprints of
      the employee are submitted to the Registry for a background check, as required by paragraph (d)(1)(ix)
      of this section, unless the employee has fingerprints on file with the Registry that are less than
      3 years old; (C) The covered financial institution information required in paragraphs (e)(1)(i)
      (to the extent the covered financial institution has not previously met these requirements) and
      (e)(2)(i) of this section is submitted to the Registry; and (D) The registration is maintained pursuant
      to paragraphs (b) and (e)(1)(ii) of this section, as of the date that the employee becomes subject
      to this part. (ii) Rule for certain acquisitions, mergers, or reorganizations. When registered or
      licensed mortgage loan originators become covered financial institution employees as a result of
      an acquisition, consolidation, merger, or reorganization, only the requirements of paragraphs (a)(4)(i)(A),
      (C), and (D) of this section must be met, and these requirements must be met within 60 days from
      the effective date of the acquisition, merger, or reorganization.'
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-b
  canonical_id: safe-12cfr-1007.103-b
  section: 12 CFR §1007.103(b)
  description: '(b): (b) Maintaining registration. (1) A mortgage loan originator who is registered with
    the Registry pursuant to paragraph (a) of this section must:'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: '(b) Maintaining registration. (1) A mortgage loan originator who is registered with
      the Registry pursuant to paragraph (a) of this section must:'
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-i
  canonical_id: safe-12cfr-1007.103-i
  section: 12 CFR §1007.103(i)
  description: '(i): (i) Except as provided in paragraph (b)(3) of this section, renew the registration
    during the annual renewal period , confirming the responses set forth in paragraphs (d)(1)(i) through
    (viii) of this section remain accurate and complete, and updating this information, as appropriate;
    and (ii) Update…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: '(i) Except as provided in paragraph (b)(3) of this section, renew the registration
      during the annual renewal period , confirming the responses set forth in paragraphs (d)(1)(i) through
      (viii) of this section remain accurate and complete, and updating this information, as appropriate;
      and (ii) Update the registration within 30 days of any of the following events: (A) A change in
      the name of the registrant; (B) The registrant ceases to be an employee of the covered financial
      institution ; or (C) The information required under paragraphs (d)(1)(iii) through (viii) of this
      section becomes inaccurate, incomplete, or out-of-date. (2) A registered mortgage loan originator
      must maintain his or her registration, unless the individual is no longer engaged in the activity
      of a mortgage loan originator . (3) The annual registration renewal requirement set forth in paragraph
      (b)(1) of this section does not apply to a registered mortgage loan originator who has completed
      his or her registration with the Registry pursuant to paragraph (a)(1) of this section less than
      6 months prior to the end of the annual renewal period .'
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-c
  canonical_id: safe-12cfr-1007.103-c
  section: 12 CFR §1007.103(c)
  description: '(c): (c) Effective dates —(1) Registration. A registration pursuant to paragraph (a)(1)
    of this section is effective on the date the Registry transmits notification to the registrant that
    the registrant is registered. (2) Renewals or updates. A renewal or update pursuant to paragraph (b)
    of this section …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: (c) Effective dates —(1) Registration. A registration pursuant to paragraph (a)(1)
      of this section is effective on the date the Registry transmits notification to the registrant that
      the registrant is registered. (2) Renewals or updates. A renewal or update pursuant to paragraph
      (b) of this section is effective on the date the Registry transmits notification to the registrant
      that the registration has been renewed or updated.
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-d
  canonical_id: safe-12cfr-1007.103-d
  section: 12 CFR §1007.103(d)
  description: '(d): (d) Required employee information —(1) In general. For purposes of the registration
    required by this section, a covered financial institution must require each employee who is a mortgage
    loan originator to submit to the Registry, or must submit on behalf of the employee, the following
    categories of …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: '(d) Required employee information —(1) In general. For purposes of the registration
      required by this section, a covered financial institution must require each employee who is a mortgage
      loan originator to submit to the Registry, or must submit on behalf of the employee, the following
      categories of information, to the extent this information is collected by the Registry:'
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-i
  canonical_id: safe-12cfr-1007.103-i
  section: 12 CFR §1007.103(i)
  description: '(i): (i) Identifying information, including the employee''s: (A) Name and any other names
    used; (B) Home address and contact information; (C) Principal business location address and business
    contact information; (D) Social security number; (E) Gender; and (F) Date and place of birth; (ii)
    Financial servic…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: '(i) Identifying information, including the employee''s: (A) Name and any other names
      used; (B) Home address and contact information; (C) Principal business location address and business
      contact information; (D) Social security number; (E) Gender; and (F) Date and place of birth; (ii)
      Financial services-related employment history for the 10 years prior to the date of registration
      or renewal, including the date the employee became an employee of the covered financial institution
      ; (iii) Convictions of any criminal offense involving dishonesty, breach of trust, or money laundering
      against the employee or organizations controlled by the employee, or agreements to enter into a
      pretrial diversion or similar program in connection with the prosecution for such offense(s); (iv)
      Civil judicial actions against the employee in connection with financial services-related activities,
      dismissals with settlements, or judicial findings that the employee violated financial services-related
      statutes or regulations, except for actions dismissed without a settlement agreement;'
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-v
  canonical_id: safe-12cfr-1007.103-v
  section: 12 CFR §1007.103(v)
  description: '(v): (v) Actions or orders by a state or Federal regulatory agency or foreign financial
    regulatory authority that: (A) Found the employee to have made a false statement or omission or been
    dishonest, unfair or unethical; to have been involved in a violation of a financial services-related
    regulation or s…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: '(v) Actions or orders by a state or Federal regulatory agency or foreign financial
      regulatory authority that: (A) Found the employee to have made a false statement or omission or
      been dishonest, unfair or unethical; to have been involved in a violation of a financial services-related
      regulation or statute; or to have been a cause of a financial services-related business having its
      authorization to do business denied, suspended, revoked, or restricted; (B) Are entered against
      the employee in connection with a financial services-related activity; (C) Denied, suspended, or
      revoked the employee''s registration or license to engage in a financial services-related activity;
      disciplined the employee or otherwise by order prevented the employee from associating with a financial
      services-related business or restricted the employee''s activities; or (D) Barred the employee from
      association with an entity or its officers regulated by the agency or authority or from engaging
      in a financial services-related business; (vi) Final orders issued by a state or Federal regulatory
      agency or foreign financial regulatory authority based on violations of any law or regulation that
      prohibits fraudulent, manipulative, or deceptive conduct; (vii) Revocation or suspension of the
      employee''s authorization to act as an attorney, accountant, or state or Federal contractor; (viii)
      Customer-initiated financial services-related arbitration or civil action against the employee that
      required action, including settlements, or which resulted in a judgment; and (ix) Fingerprints of
      the employee, in digital form if practicable, and any appropriate identifying information for submission
      to the Federal Bureau of Investigation and any governmental agency or entity authorized to receive
      such information in connection with a state and national criminal history background check; however,
      fingerprints provided to the Registry that are less than 3 years old may be used to satisfy this
      requirement. (2) Employee authorizations and attestation. An employee registering as a mortgage
      loan originator or renewing or updating his or her registration under this part, and not the employing
      covered financial institution or other employees of the covered financial institution , must:'
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-i
  canonical_id: safe-12cfr-1007.103-i
  section: 12 CFR §1007.103(i)
  description: '(i): (i) Authorize the Registry and the employing institution to obtain information related
    to sanctions or findings in any administrative, civil, or criminal action, to which the employee is
    a party, made by any governmental jurisdiction; (ii) Attest to the correctness of all information
    required by par…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: (i) Authorize the Registry and the employing institution to obtain information related
      to sanctions or findings in any administrative, civil, or criminal action, to which the employee
      is a party, made by any governmental jurisdiction; (ii) Attest to the correctness of all information
      required by paragraph (d) of this section, whether submitted by the employee or on behalf of the
      employee by the employing covered financial institution ; and (iii) Authorize the Registry to make
      available to the public information required by paragraphs (d)(1)(i)(A) and (C), and (d)(1)(ii)
      through (viii) of this section. (3) Submission of information. A covered financial institution may
      identify one or more employees of the covered financial institution who may submit the information
      required by paragraph (d)(1) of this section to the Registry on behalf of the covered financial
      institution 's employees provided that this individual, and any employee delegated such authority,
      does not act as a mortgage loan originator , consistent with paragraph (e)(1)(i)(F) of this section.
      In addition, a covered financial institution may submit to the Registry some or all of the information
      required by paragraphs (d)(1) and (e)(2) of this section for multiple employees in bulk through
      batch processing in a format to be specified by the Registry, to the extent such batch processing
      is made available by the Registry.
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-e
  canonical_id: safe-12cfr-1007.103-e
  section: 12 CFR §1007.103(e)
  description: '(e): (e) Required covered financial institution information. A covered financial institution
    must submit the following categories of information to the Registry: (1) Covered financial institution
    record.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: '(e) Required covered financial institution information. A covered financial institution
      must submit the following categories of information to the Registry: (1) Covered financial institution
      record.'
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-i
  canonical_id: safe-12cfr-1007.103-i
  section: 12 CFR §1007.103(i)
  description: '(i): (i) In connection with the registration of one or more mortgage loan originators:
    (A) Name, main office address, and business contact information; (B) Internal Revenue Service Employer
    Tax Identification Number (EIN); (C) Research Statistics Supervision and Discount (RSSD) number, as
    issued by the B…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: '(i) In connection with the registration of one or more mortgage loan originators:
      (A) Name, main office address, and business contact information; (B) Internal Revenue Service Employer
      Tax Identification Number (EIN); (C) Research Statistics Supervision and Discount (RSSD) number,
      as issued by the Board of Governors of the Federal Reserve System ; (D) Identification of its primary
      Federal regulator; (E) Name(s) and contact information of the individual(s) with authority to act
      as the covered financial institution ''s primary point of contact for the Registry; (F) Name(s)
      and contact information of the individual(s) with authority to enter the information required by
      paragraphs (d)(1) and (e) of this section to the Registry and who may delegate this authority to
      other individuals. For the purpose of providing information required by paragraph (e) of this section,
      this individual and their delegates must not act as mortgage loan originators unless the covered
      financial institution has 10 or fewer full time or equivalent employees and is not a subsidiary;
      and (G) If a subsidiary of a national bank, member bank, savings association, or insured state nonmember
      bank, indication that it is a subsidiary and the RSSD number of the parent institution; if an operating
      subsidiary of an agricultural credit association, indication that it is a subsidiary, and the RSSD
      number of the parent agricultural credit association. (ii) Attestation. The individual(s) identified
      in paragraphs (e)(1)(i)(E) and (F) of this section must comply with Registry protocols to verify
      their identity and must attest that they have the authority to enter data on behalf of the covered
      financial institution , that the information provided to the Registry pursuant to this paragraph
      (e) is correct, and that the covered financial institution will keep the information required by
      this paragraph (e) current and will file accurate supplementary information on a timely basis. (iii)
      A covered financial institution must update the information required by this paragraph (e) of this
      section within 30 days of the date that this information becomes inaccurate. (iv) A covered financial
      institution must renew the information required by paragraph (e) of this section on an annual basis.
      (2) Employee information. In connection with the registration of each employee who acts as a mortgage
      loan originator:'
    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1007.103-i
  canonical_id: safe-12cfr-1007.103-i
  section: 12 CFR §1007.103(i)
  description: '(i): (i) After the information required by paragraph (d) of this section has been submitted
    to the Registry, confirmation that it employs the registrant; and (ii) Within 30 days of the date
    the registrant ceases to be an employee of the covered financial institution , notification that it
    no longer emplo…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1007.103(a)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1007.103
    snapshot_id: 476cbfab3033195a
    fetched_at: '2026-05-22T18:51:18Z'
    content_hash: sha256:1776433fc530a9e0334c4006ef236d6fc15f8bece0a9d0a5cfad42c403b248af
    paragraph_quote: (i) After the information required by paragraph (d) of this section has been submitted
      to the Registry, confirmation that it employs the registrant; and (ii) Within 30 days of the date
      the registrant ceases to be an employee of the covered financial institution , notification that
      it no longer employs the registrant and the date the registrant ceased being an employee. CFR Toolbox
      Law about... Articles from Wex Table of Popular Names Parallel Table of Authorities Accessibility
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    drafter_attestation: Verbatim subsection of 12 CFR §1007.103 from Cornell LII snapshot 476cbfab3033195a;
      body isolated between nav and notes; substring-verified.
  judgment: false
