source:
  type: regulation
  id: safe-12cfr-1008.303
  authority: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB)
    § 1008.303 — Financial reporting
  description: '12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB),
    §1008.303 Financial reporting. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: safe-12cfr-1008.303-full
  canonical_id: safe-12cfr-1008.303-full
  section: 12 CFR §1008.303
  description: 'Financial reporting: To the extent that CSBS maintains the NMLSR, CSBS must annually provide to
    the Bureau, and the Bureau will annually collect and make available to the public, NMLSR financial statements,
    audited in accordance with Generally Accepted Accounting Principles (GAAP) promulgated by the Federal Accounting
    S…'
  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)
      § 1008.303
    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: To the extent that CSBS maintains the NMLSR, CSBS must annually provide to the Bureau, and
      the Bureau will annually collect and make available to the public, NMLSR financial statements, audited in
      accordance with Generally Accepted Accounting Principles (GAAP) promulgated by the Federal Accounting Standards
      Advisory Board, and other data. These financial statements and other data shall include, but not be limited
      to, the level and categories of funds received in relation to the NMLSR and how such funds are spent, including
      the aggregate total of funds paid for system development and improvements, the aggregate total of salaries
      and bonuses paid, the aggregate total of other administrative costs, and detail on other money spent, including
      money and interest paid to reimburse system investors or lenders, and a report of each state's activity with
      respect to the NMLSR, including the number of licensees, the state's financial commitment to the system, and
      the fees collected by the state through the NMLSR.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1008.303 (whole section) from snapshot 8be7db7ff328d57d;
      substring-verified.
  judgment: false
