source:
  type: regulation
  id: safe-12cfr-1008.111
  authority: 12 CFR §1008.111 — Other minimum requirements for state licensing systems (SAFE Act)
  description: 'State-supervisory-authority minimums for S.A.F.E.-compliant state

    licensing programs, plus the downstream [LENDER] obligation to keep

    examinable books/records and to submit closed-loan reports of

    condition through the NMLSR (Mortgage Call Reports).

    '
obligations:
- id: safe-12cfr-1008.111-a
  canonical_id: safe-12cfr-1008.111-a
  section: 12 CFR §1008.111(a)
  description: '(a): (a) General. A state must maintain a loan originator licensing, supervisory, and
    oversight authority (supervisory authority) that provides effective supervision and enforcement, in
    accordance with the minimum standards provided in this section and in § 1008.113 .'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.111(b)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.111
    snapshot_id: ac3f6493933c6eab
    fetched_at: '2026-05-22T18:52:46Z'
    content_hash: sha256:f64748450fb15329186f5abc1929cd68c9bdbb45548d46a99d9eddeb8bad21f8
    paragraph_quote: (a) General. A state must maintain a loan originator licensing, supervisory, and
      oversight authority (supervisory authority) that provides effective supervision and enforcement,
      in accordance with the minimum standards provided in this section and in § 1008.113 .
    drafter_attestation: Verbatim subsection of 12 CFR §1008.111 from Cornell LII snapshot ac3f6493933c6eab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.111-b
  canonical_id: safe-12cfr-1008.111-b
  section: 12 CFR §1008.111(b)
  description: '(b): (b) Authorities. A supervisory authority must have the legal authority and mechanisms:
    (1) To examine any books, papers, records, or other data of any loan originator operating in the state
    ; (2) To summon any loan originator operating in the state , or any person having possession, custody,
    or care…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.111(b)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.111
    snapshot_id: ac3f6493933c6eab
    fetched_at: '2026-05-22T18:52:46Z'
    content_hash: sha256:f64748450fb15329186f5abc1929cd68c9bdbb45548d46a99d9eddeb8bad21f8
    paragraph_quote: '(b) Authorities. A supervisory authority must have the legal authority and mechanisms:
      (1) To examine any books, papers, records, or other data of any loan originator operating in the
      state ; (2) To summon any loan originator operating in the state , or any person having possession,
      custody, or care of the reports and records relating to such a loan originator , to appear before
      the supervisory authority at a time and place named in the summons and to produce such books, papers,
      records, or other data, and to give testimony, under oath, as may be relevant or material to an
      investigation of such loan originator for compliance with the requirements of the S.A.F.E. Act;
      (3) To administer oaths and affirmations and examine and take and preserve testimony under oath
      as to any matter in respect to the affairs of any such loan originator ; (4) To enter an order requiring
      any individual or person that is, was, or would be a cause of a violation of the S.A.F.E. Act as
      implemented by the state , due to an act or omission the person knew or should have known would
      contribute to such violation, to cease and desist from committing or causing such violation and
      any future violation of the same requirement; (5) To suspend, terminate, and refuse renewal of a
      loan originator license for violation of state or Federal law; and (6) To impose civil money penalties
      for individuals acting as loan originators, or representing themselves to the public as loan originators,
      in the state without a valid license or registration.'
    drafter_attestation: Verbatim subsection of 12 CFR §1008.111 from Cornell LII snapshot ac3f6493933c6eab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.111-c
  canonical_id: safe-12cfr-1008.111-c
  section: 12 CFR §1008.111(c)
  description: '(c): (c) A supervisory authority must have established processes in place to verify that
    individuals subject to the requirement described in § 1008.103(a)(1) and (d) (1) are registered with
    the NMLSR.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.111(b)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.111
    snapshot_id: ac3f6493933c6eab
    fetched_at: '2026-05-22T18:52:46Z'
    content_hash: sha256:f64748450fb15329186f5abc1929cd68c9bdbb45548d46a99d9eddeb8bad21f8
    paragraph_quote: (c) A supervisory authority must have established processes in place to verify that
      individuals subject to the requirement described in § 1008.103(a)(1) and (d) (1) are registered
      with the NMLSR.
    drafter_attestation: Verbatim subsection of 12 CFR §1008.111 from Cornell LII snapshot ac3f6493933c6eab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.111-d
  canonical_id: safe-12cfr-1008.111-d
  section: 12 CFR §1008.111(d)
  description: '(d): (d) The supervisory authority must be required under state law to regularly report
    violations of such law, as well as enforcement actions and other relevant information, to the NMLSR.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.111(b)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.111
    snapshot_id: ac3f6493933c6eab
    fetched_at: '2026-05-22T18:52:46Z'
    content_hash: sha256:f64748450fb15329186f5abc1929cd68c9bdbb45548d46a99d9eddeb8bad21f8
    paragraph_quote: (d) The supervisory authority must be required under state law to regularly report
      violations of such law, as well as enforcement actions and other relevant information, to the NMLSR.
    drafter_attestation: Verbatim subsection of 12 CFR §1008.111 from Cornell LII snapshot ac3f6493933c6eab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.111-e
  canonical_id: safe-12cfr-1008.111-e
  section: 12 CFR §1008.111(e)
  description: '(e): (e) The supervisory authority must have a process in place for challenging information
    contained in the NMLSR.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.111(b)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.111
    snapshot_id: ac3f6493933c6eab
    fetched_at: '2026-05-22T18:52:46Z'
    content_hash: sha256:f64748450fb15329186f5abc1929cd68c9bdbb45548d46a99d9eddeb8bad21f8
    paragraph_quote: (e) The supervisory authority must have a process in place for challenging information
      contained in the NMLSR.
    drafter_attestation: Verbatim subsection of 12 CFR §1008.111 from Cornell LII snapshot ac3f6493933c6eab;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.111-f
  canonical_id: safe-12cfr-1008.111-f
  section: 12 CFR §1008.111(f)
  description: '(f): (f) The supervisory authority must require a loan originator to ensure that all residential
    mortgage loans that close as a result of the loan originator engaging in activities described in §
    1008.103(b)(1) are included in reports of condition submitted to the NMLSR. Such reports of condition
    shall b…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.111(b)(1)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.111
    snapshot_id: ac3f6493933c6eab
    fetched_at: '2026-05-22T18:52:46Z'
    content_hash: sha256:f64748450fb15329186f5abc1929cd68c9bdbb45548d46a99d9eddeb8bad21f8
    paragraph_quote: (f) The supervisory authority must require a loan originator to ensure that all residential
      mortgage loans that close as a result of the loan originator engaging in activities described in
      § 1008.103(b)(1) are included in reports of condition submitted to the NMLSR. Such reports of condition
      shall be in such form, shall contain such information, and shall be submitted with such frequency
      and by such dates as the NMLSR may reasonably require. 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 12 CFR §1008.111 from Cornell LII snapshot ac3f6493933c6eab;
      body isolated between nav and notes; substring-verified.
  judgment: false
