source:
  type: regulation
  id: safe-12cfr-1008.401
  authority: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB)
    § 1008.401 — The Bureau's authority to examine loan originator records
  description: '12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB),
    §1008.401 The Bureau''s authority to examine loan originator records. Captured section-complete (all subsections
    verbatim).

    '
obligations:
- id: safe-12cfr-1008.401-a
  canonical_id: safe-12cfr-1008.401-a
  section: 12 CFR §1008.401(a)
  description: 'The Bureau''s authority to examine loan originator records — (a): (a) Summons authority. The Bureau
    may: (1) Examine any books, papers, records, or other data of any loan originator operating in any state which
    is subject to a licensing system established by the Bureau under subpart C of this part; and (2) Summon any
    loan originator referred to in paragraph (a)(1)…'
  type: reference
  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)
      § 1008.401
    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) Summons authority. The Bureau may: (1) Examine any books, papers, records, or other data
      of any loan originator operating in any state which is subject to a licensing system established by the Bureau
      under subpart C of this part; and (2) Summon any loan originator referred to in paragraph (a)(1) of this section
      or any person having possession, custody, or care of the reports and records relating to such loan originator,
      to appear before the Bureau 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.'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1008.401 subsection (a) from snapshot 8be7db7ff328d57d;
      substring-verified.
  judgment: false
- id: safe-12cfr-1008.401-b
  canonical_id: safe-12cfr-1008.401-b
  section: 12 CFR §1008.401(b)
  description: 'The Bureau''s authority to examine loan originator records — (b): (b) Examination authority &#x2014;(1)
    In general. If the Bureau establishes a licensing system under 12 U.S.C. 5107 and in accordance with subpart
    C of this part for any state, the Bureau shall appoint examiners for the purposes of ensuring the appropriate
    administration of the Bureau''s licensing sy…'
  type: reference
  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)
      § 1008.401
    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) Examination authority &#x2014;(1) In general. If the Bureau establishes a licensing system
      under 12 U.S.C. 5107 and in accordance with subpart C of this part for any state, the Bureau shall appoint
      examiners for the purposes of ensuring the appropriate administration of the Bureau's licensing system. (2)
      Power to examine. Any examiner appointed under paragraph (b)(1) of this section shall have power, on behalf
      of the Bureau, to make any examination of any loan originator operating in any state which is subject to a
      licensing system established by the Bureau under 12 U.S.C. 5107 and in accordance with subpart C of this part,
      whenever the Bureau determines that an examination of any loan originator is necessary to determine the compliance
      by the originator with minimum requirements of the S.A.F.E. Act. (3) Report of examination. Each Bureau examiner
      appointed under paragraph (b)(1) of this section shall make a full and detailed report to the Bureau of examination
      of any loan originator examined under this section. (4) Administration of oaths and affirmations; evidence.
      In connection with examinations of loan originators operating in any state which is subject to a licensing
      system established by the Bureau under 12 U.S.C. 5107, and in accordance with subpart C of this part, or with
      other types of investigations to determine compliance with applicable law and regulations, the Bureau and
      the examiners appointed by the Bureau may 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. (5) Assessments.
      The cost of conducting any examination of any loan originator operating in any state which is subject to a
      licensing system established by the Bureau under 12 U.S.C 5107 and in accordance with subpart C of this part
      shall be assessed by the Bureau against the loan originator to meet the Director's expenses in carrying out
      such examination.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1008.401 subsection (b) from snapshot 8be7db7ff328d57d;
      substring-verified.
  judgment: false
