source:
  type: regulation
  id: safe-12cfr-1008.113
  authority: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB)
    § 1008.113 — Performance standards
  description: '12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB),
    §1008.113 Performance standards. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: safe-12cfr-1008.113-a
  canonical_id: safe-12cfr-1008.113-a
  section: 12 CFR §1008.113(a)
  description: 'Performance standards — (a): (a) For the Bureau to determine that a state is providing effective
    supervision and enforcement, a supervisory authority must meet the following performance standards: (1) The
    supervisory authority must participate in the NMLSR; (2) The supervisory authority must approve or deny loan
    originator lice…'
  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)
      § 1008.113
    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: '(a) For the Bureau to determine that a state is providing effective supervision and enforcement,
      a supervisory authority must meet the following performance standards: (1) The supervisory authority must
      participate in the NMLSR; (2) The supervisory authority must approve or deny loan originator license applications
      and must renew or refuse to renew existing loan originator licenses for violations of state or Federal law;
      (3) The supervisory authority must discipline loan originator licensees with appropriate enforcement actions,
      such as license suspensions or revocations, cease-and-desist orders, civil money penalties, and consumer refunds
      for violations of state or Federal law; (4) The supervisory authority must examine or investigate loan originator
      licensees in a systematic manner based on identified risk factors or on a periodic schedule.'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1008.113 subsection (a) from snapshot 8be7db7ff328d57d;
      substring-verified.
  judgment: false
- id: safe-12cfr-1008.113-b
  canonical_id: safe-12cfr-1008.113-b
  section: 12 CFR §1008.113(b)
  description: 'Performance standards — (b): (b) A supervisory authority that is accredited under the Conference
    of State Bank Supervisors-American Association of Residential Mortgage Regulators Mortgage Accreditation Program
    will be presumed by the Bureau to be compliant with the requirements of this section.'
  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)
      § 1008.113
    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: (b) A supervisory authority that is accredited under the Conference of State Bank Supervisors-American
      Association of Residential Mortgage Regulators Mortgage Accreditation Program will be presumed by the Bureau
      to be compliant with the requirements of this section.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1008.113 subsection (b) from snapshot 8be7db7ff328d57d;
      substring-verified.
  judgment: false
