source:
  type: regulation
  id: safe-12cfr-1007.101
  authority: 12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB) §
    1007.101 — Authority, purpose, and scope
  description: '12 CFR Part 1007 — SAFE Act Federal Registration of Residential Mortgage Loan Originators (CFPB),
    §1007.101 Authority, purpose, and scope. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: safe-12cfr-1007.101-a
  canonical_id: safe-12cfr-1007.101-a
  section: 12 CFR §1007.101(a)
  description: 'Authority, purpose, and scope — (a): (a) Authority. This part, known as Regulation G, is issued
    by the Bureau of Consumer Financial Protection pursuant to the Secure and Fair Enforcement for Mortgage Licensing
    Act of 2008, title V of the Housing and Economic Recovery Act of 2008 (S.A.F.E. Act) (Pub. L. 110-289, 122 Stat.
    2654, 12 U.S.C…'
  type: reference
  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)
      § 1007.101
    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) Authority. This part, known as Regulation G, is issued by the Bureau of Consumer Financial
      Protection pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, title V of the
      Housing and Economic Recovery Act of 2008 (S.A.F.E. Act) (Pub. L. 110-289, 122 Stat. 2654, 12 U.S.C. 5101
      et seq., ) 12 U.S.C. 5512, 5581, 15 U.S.C. 1604(a), 1639b.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.101 subsection (a) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.101-b
  canonical_id: safe-12cfr-1007.101-b
  section: 12 CFR §1007.101(b)
  description: 'Authority, purpose, and scope — (b): (b) Purpose. This part implements the S.A.F.E. Act''s Federal
    registration requirement for mortgage loan originators. The S.A.F.E. Act provides that the objectives of this
    registration include aggregating and improving the flow of information to and between regulators; providing
    increased accountabil…'
  type: reference
  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)
      § 1007.101
    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) Purpose. This part implements the S.A.F.E. Act's Federal registration requirement for mortgage
      loan originators. The S.A.F.E. Act provides that the objectives of this registration include aggregating and
      improving the flow of information to and between regulators; providing increased accountability and tracking
      of mortgage loan originators; enhancing consumer protections; supporting anti-fraud measures; and providing
      consumers with easily accessible information at no charge regarding the employment history of, and publicly
      adjudicated disciplinary and enforcement actions against, mortgage loan originators.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.101 subsection (b) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.101-c
  canonical_id: safe-12cfr-1007.101-c
  section: 12 CFR §1007.101(c)
  description: 'Authority, purpose, and scope — (c): (c) Scope &#x2014;(1) In general. This part applies to:'
  type: reference
  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)
      § 1007.101
    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) Scope &#x2014;(1) In general. This part applies to:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.101 subsection (c) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.101-i
  canonical_id: safe-12cfr-1007.101-i
  section: 12 CFR §1007.101(i)
  description: 'Authority, purpose, and scope — (i): (i) National banks, Federal branches and agencies of foreign
    banks, their operating subsidiaries (collectively referred to in this part as national banks), and their employees
    who act as mortgage loan originators; (ii) Member banks of the Federal Reserve System; their respective subsidiaries
    that ar…'
  type: reference
  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)
      § 1007.101
    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) National banks, Federal branches and agencies of foreign banks, their operating subsidiaries
      (collectively referred to in this part as national banks), and their employees who act as mortgage loan originators;
      (ii) Member banks of the Federal Reserve System; their respective subsidiaries that are not functionally regulated
      within the meaning of section 5(c)(5) of the Bank Holding Company Act, as amended (12 U.S.C. 1844(c)(5));
      branches and agencies of foreign banks; commercial lending companies owned or controlled by foreign banks
      (collectively referred to in this part as member banks); and their employees who act as mortgage loan originators;
      (iii) Insured state nonmember banks (including state-licensed insured branches of foreign banks), their subsidiaries
      (except brokers, dealers, persons providing insurance, investment companies, and investment advisers) (collectively
      referred to in this part as insured state nonmember banks), and employees of such banks or subsidiaries who
      act as mortgage loan originators; (iv) Savings associations, their operating subsidiaries (collectively referred
      to in this part as savings associations), and their employees who act as mortgage loan originators;
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.101 subsection (i) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
- id: safe-12cfr-1007.101-v
  canonical_id: safe-12cfr-1007.101-v
  section: 12 CFR §1007.101(v)
  description: 'Authority, purpose, and scope — (v): (v) Farm Credit System lending institutions that actually originate
    residential mortgage loans pursuant to sections 1.9(3), 1.11 or 2.4(a) and (b) of the Farm Credit Act of 1971
    (collectively referred to in this part as Farm Credit System institutions), and their employees who act as mortgage
    loan o…'
  type: reference
  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)
      § 1007.101
    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: (v) Farm Credit System lending institutions that actually originate residential mortgage loans
      pursuant to sections 1.9(3), 1.11 or 2.4(a) and (b) of the Farm Credit Act of 1971 (collectively referred
      to in this part as Farm Credit System institutions), and their employees who act as mortgage loan originators;
      and (vi) Any federally insured credit union and its employees, including volunteers, who act as mortgage loan
      originators. This part also applies to non-federally insured credit unions and their employees, including
      volunteers, who act as mortgage loan originators, subject to the conditions in paragraph (c)(3) of this section.
      (2) De minimis exception. (i) This part and the requirements of 12 U.S.C. 5103(a)(1)(A) and (2) of the S.A.F.E.
      Act do not apply to any employee of a national bank, member bank, insured state nonmember bank, savings association,
      Farm Credit System institution, or credit union who has never been registered or licensed through the Registry
      as a mortgage loan originator if during the past 12 months the employee acted as a mortgage loan originator
      for 5 or fewer residential mortgage loans. (ii) Prior to engaging in mortgage loan origination activity that
      exceeds the exception limit in paragraph (c)(2)(i) of this section, an employee must register with the Registry
      pursuant to this part. (iii) Evasion. National banks, member banks, insured state nonmember banks, savings
      associations, Farm Credit System institutions, and credit unions are prohibited from engaging in any act or
      practice to evade the limits of the de minimis exception set forth in paragraph (c)(2)(i) of this section.
      (3) For non-federally insured credit unions. A non-federally insured credit union in a state identified on
      the National Credit Union Administration's Web site (NCUA.gov) as one where the appropriate state supervisory
      authority has executed a Memorandum of Understanding (MOU) with the National Credit Union Administration may
      register under this rule provided that any Nationwide Mortgage Licensing System and Registry listing of the
      non-federally insured credit union and its employees contains a clear and conspicuous statement that the non-federally
      insured credit union is not insured by the National Credit Union Share Insurance Fund, and the state supervisory
      authority where the non-federally insured credit union is located maintains an agreement with the National
      Credit Union Administration for this registration process and oversight. If the state supervisory authority
      where the non-federally insured credit union is located fails to maintain such an agreement, the non-federally
      insured credit union and its employees in that state may not register or maintain registration under the Federal
      system. They instead must use the appropriate state licensing and registration system, or if the state does
      not have such a system, the licensing and registration system established by the Bureau for mortgage loan
      originators and their employees.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1007.101 subsection (v) from snapshot 5daf3a40bd6ddc2c;
      substring-verified.
  judgment: false
