source:
  type: regulation
  id: safe-12cfr-1008.203
  authority: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB)
    § 1008.203 — The Bureau's establishment of loan originator licensing system
  description: '12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB),
    §1008.203 The Bureau''s establishment of loan originator licensing system. Captured section-complete (all subsections
    verbatim).

    '
obligations:
- id: safe-12cfr-1008.203-full
  canonical_id: safe-12cfr-1008.203-full
  section: 12 CFR §1008.203
  description: 'The Bureau''s establishment of loan originator licensing system: If the Bureau determines, in accordance
    with &#xA7; 1008.115(e), that a state has not established a licensing and registration system in compliance
    with the minimum standards of the S.A.F.E. Act, the Bureau shall apply to individuals in that state the minimum
    standards of the S.A.F.E. Act, as specif…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB)
      § 1008.203
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1008
    snapshot_id: 8be7db7ff328d57d
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d145571b2b30300b8a66c87fe89c457b2c3961ee4d853c3e9b551a7eb4f181bb
    paragraph_quote: If the Bureau determines, in accordance with &#xA7; 1008.115(e), that a state has not established
      a licensing and registration system in compliance with the minimum standards of the S.A.F.E. Act, the Bureau
      shall apply to individuals in that state the minimum standards of the S.A.F.E. Act, as specified in subpart
      B, which provides the minimum requirements that a state must meet to be in compliance with the S.A.F.E. Act,
      and as may be further specified in this part.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1008.203 (whole section) from snapshot 8be7db7ff328d57d;
      substring-verified.
  judgment: false
