source:
  type: regulation
  id: safe-12cfr-1008.201
  authority: 12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB)
    § 1008.201 — Scope of this subpart
  description: '12 CFR Part 1008 — SAFE Act Minimum State Licensing Standards for Mortgage Loan Originators (CFPB),
    §1008.201 Scope of this subpart. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: safe-12cfr-1008.201-full
  canonical_id: safe-12cfr-1008.201-full
  section: 12 CFR §1008.201
  description: 'Scope of this subpart: The S.A.F.E. Act provides the Bureau with &#x201C;backup authority&#x201D;
    to establish a loan originator licensing system for any state that is determined by the Bureau not to be in
    compliance with the minimum standards of the S.A.F.E. Act. The provisions of this subpart become applicable
    to indivi…'
  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)
      § 1008.201
    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: The S.A.F.E. Act provides the Bureau with &#x201C;backup authority&#x201D; to establish a loan
      originator licensing system for any state that is determined by the Bureau not to be in compliance with the
      minimum standards of the S.A.F.E. Act. The provisions of this subpart become applicable to individuals in
      a state as provided in &#xA7; 1008.115(e). The S.A.F.E. Act also authorizes the Bureau to establish and maintain
      a nationwide mortgage licensing system and registry if the Bureau determines that the NMLSR is failing to
      meet the purposes and requirements of the S.A.F.E. Act for a comprehensive licensing, supervisory, and tracking
      system for loan originators.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1008.201 (whole section) from snapshot 8be7db7ff328d57d;
      substring-verified.
  judgment: false
