source:
  type: regulation
  id: safe-12cfr-1007.104
  authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB) §
    1007.104 — Policies and procedures
  description: '12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB),
    §1007.104 Policies and procedures. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: safe-12cfr-1007.104-full
  canonical_id: safe-12cfr-1007.104-full
  section: 12 CFR §1007.104
  description: 'Policies and procedures: A covered financial institution that employs one or more mortgage loan
    originators must adopt and follow written policies and procedures designed to assure compliance with this part.
    These policies and procedures must be appropriate to the nature, size, complexity, and scope of the mortgage
    lending …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: 'A covered financial institution that employs one or more mortgage loan originators must adopt
      and follow written policies and procedures designed to assure compliance with this part. These policies and
      procedures must be appropriate to the nature, size, complexity, and scope of the mortgage lending activities
      of the covered financial institution, and apply only to those employees acting within the scope of their employment
      at the covered financial institution. At a minimum, these policies and procedures must:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 (whole section) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-a
  canonical_id: safe-12cfr-1007.104-a
  section: 12 CFR §1007.104(a)
  description: 'Policies and procedures — (a): (a) Establish a process for identifying which employees of the covered
    financial institution are required to be registered mortgage loan originators;'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (a) Establish a process for identifying which employees of the covered financial institution
      are required to be registered mortgage loan originators;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (a) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-b
  canonical_id: safe-12cfr-1007.104-b
  section: 12 CFR §1007.104(b)
  description: 'Policies and procedures — (b): (b) Require that all employees of the covered financial institution
    who are mortgage loan originators be informed of the registration requirements of the S.A.F.E. Act and this
    part and be instructed on how to comply with such requirements and procedures;'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (b) Require that all employees of the covered financial institution who are mortgage loan originators
      be informed of the registration requirements of the S.A.F.E. Act and this part and be instructed on how to
      comply with such requirements and procedures;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (b) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-c
  canonical_id: safe-12cfr-1007.104-c
  section: 12 CFR §1007.104(c)
  description: 'Policies and procedures — (c): (c) Establish procedures to comply with the unique identifier requirements
    in &#xA7; 1007.105;'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (c) Establish procedures to comply with the unique identifier requirements in &#xA7; 1007.105;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (c) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-d
  canonical_id: safe-12cfr-1007.104-d
  section: 12 CFR §1007.104(d)
  description: 'Policies and procedures — (d): (d) Establish reasonable procedures for confirming the adequacy and
    accuracy of employee registrations, including updates and renewals, by comparisons with its own records;'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (d) Establish reasonable procedures for confirming the adequacy and accuracy of employee registrations,
      including updates and renewals, by comparisons with its own records;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (d) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-e
  canonical_id: safe-12cfr-1007.104-e
  section: 12 CFR §1007.104(e)
  description: 'Policies and procedures — (e): (e) Establish reasonable procedures and tracking systems for monitoring
    compliance with registration and renewal requirements and procedures;'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (e) Establish reasonable procedures and tracking systems for monitoring compliance with registration
      and renewal requirements and procedures;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (e) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-f
  canonical_id: safe-12cfr-1007.104-f
  section: 12 CFR §1007.104(f)
  description: 'Policies and procedures — (f): (f) Provide for independent testing for compliance with this part
    to be conducted at least annually by covered financial institution personnel or by an outside party;'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (f) Provide for independent testing for compliance with this part to be conducted at least
      annually by covered financial institution personnel or by an outside party;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (f) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-g
  canonical_id: safe-12cfr-1007.104-g
  section: 12 CFR §1007.104(g)
  description: 'Policies and procedures — (g): (g) Provide for appropriate action in the case of any employee who
    fails to comply with the registration requirements of the S.A.F.E. Act, this part, or the covered financial
    institution''s related policies and procedures, including prohibiting such employees from acting as mortgage
    loan originators …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (g) Provide for appropriate action in the case of any employee who fails to comply with the
      registration requirements of the S.A.F.E. Act, this part, or the covered financial institution's related policies
      and procedures, including prohibiting such employees from acting as mortgage loan originators or other appropriate
      disciplinary actions;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (g) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-h
  canonical_id: safe-12cfr-1007.104-h
  section: 12 CFR §1007.104(h)
  description: 'Policies and procedures — (h): (h) Establish a process for reviewing employee criminal history background
    reports received pursuant to this part, taking appropriate action consistent with applicable Federal law, including
    section 19 of the Federal Deposit Insurance Act (12 U.S.C. 1829), section 206 of the Federal Credit Union Act…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (h) Establish a process for reviewing employee criminal history background reports received
      pursuant to this part, taking appropriate action consistent with applicable Federal law, including section
      19 of the Federal Deposit Insurance Act (12 U.S.C. 1829), section 206 of the Federal Credit Union Act (12
      U.S.C. 1786(i)), and section 5.65(d) of the Farm Credit Act of 1971, as amended (12 U.S.C. 2277a-14(d)), and
      implementing regulations with respect to these reports, and maintaining records of these reports and actions
      taken with respect to applicable employees; and
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (h) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.104-i
  canonical_id: safe-12cfr-1007.104-i
  section: 12 CFR §1007.104(i)
  description: 'Policies and procedures — (i): (i) Establish procedures designed to ensure that any third party
    with which the covered financial institution has arrangements related to mortgage loan origination has policies
    and procedures to comply with the S.A.F.E. Act, including appropriate licensing and/or registration of individuals
    acting a…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB)
      § 1007.104
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1007
    snapshot_id: 5daf3a40bd6ddc2c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:7f105386277af1bc7587cdb1093c30b2fbbcf4d28f0729cc5e0c2a91a79dbe76
    paragraph_quote: (i) Establish procedures designed to ensure that any third party with which the covered financial
      institution has arrangements related to mortgage loan origination has policies and procedures to comply with
      the S.A.F.E. Act, including appropriate licensing and/or registration of individuals acting as mortgage loan
      originators.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.104 subsection (i) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
