source:
  type: regulation
  id: safe-12cfr-1008.105
  authority: 12 CFR §1008.105 — Minimum loan originator license requirements (SAFE Act)
  description: 'Federal floor of state MLO licensing standards (Regulation H):

    eligibility criteria covering license-revocation history, felony

    convictions, character & fitness, pre-licensing education, NMLSR

    test, surety-bond/net-worth/state-fund coverage, and FBI fingerprint

    background check.

    '
obligations:
- id: safe-12cfr-1008.105-full
  canonical_id: safe-12cfr-1008.105-full
  section: 12 CFR §1008.105
  description: 'For an individual to be eligible for a loan originator license required under § 1008.103(a)
    and (d) , a state must require and find, at a minimum, that an individual:'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: 'For an individual to be eligible for a loan originator license required under §
      1008.103(a) and (d) , a state must require and find, at a minimum, that an individual:'
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-a
  canonical_id: safe-12cfr-1008.105-a
  section: 12 CFR §1008.105(a)
  description: '(a): (a) Has never had a loan originator license revoked in any governmental jurisdiction,
    except that a formally vacated revocation shall not be deemed a revocation;'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: (a) Has never had a loan originator license revoked in any governmental jurisdiction,
      except that a formally vacated revocation shall not be deemed a revocation;
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-b
  canonical_id: safe-12cfr-1008.105-b
  section: 12 CFR §1008.105(b)
  description: '(b): (b) (1) Has never been convicted of, or pled guilty or nolo contendere to, a felony
    in a domestic, foreign, or military court:'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: '(b) (1) Has never been convicted of, or pled guilty or nolo contendere to, a felony
      in a domestic, foreign, or military court:'
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-i
  canonical_id: safe-12cfr-1008.105-i
  section: 12 CFR §1008.105(i)
  description: '(i): (i) During the 7-year period preceding the date of the application for licensing;
    or (ii) At any time preceding such date of application , if such felony involved an act of fraud,
    dishonesty, a breach of trust, or money laundering. (2) For purposes of this paragraph (b):'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: '(i) During the 7-year period preceding the date of the application for licensing;
      or (ii) At any time preceding such date of application , if such felony involved an act of fraud,
      dishonesty, a breach of trust, or money laundering. (2) For purposes of this paragraph (b):'
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-i
  canonical_id: safe-12cfr-1008.105-i
  section: 12 CFR §1008.105(i)
  description: '(i): (i) Expunged convictions and pardoned convictions do not, in themselves, affect the
    eligibility of the individual ; and (ii) Whether a particular crime is classified as a felony is determined
    by the law of the jurisdiction in which an individual is convicted.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: (i) Expunged convictions and pardoned convictions do not, in themselves, affect the
      eligibility of the individual ; and (ii) Whether a particular crime is classified as a felony is
      determined by the law of the jurisdiction in which an individual is convicted.
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-c
  canonical_id: safe-12cfr-1008.105-c
  section: 12 CFR §1008.105(c)
  description: '(c): (c) Has demonstrated financial responsibility, character, and general fitness, such
    as to command the confidence of the community and to warrant a determination that the loan originator
    will operate honestly, fairly, and efficiently, under reasonable standards established by the individual
    state .'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: (c) Has demonstrated financial responsibility, character, and general fitness, such
      as to command the confidence of the community and to warrant a determination that the loan originator
      will operate honestly, fairly, and efficiently, under reasonable standards established by the individual
      state .
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-d
  canonical_id: safe-12cfr-1008.105-d
  section: 12 CFR §1008.105(d)
  description: '(d): (d) Completed at least 20 hours of pre-licensing education that has been reviewed
    and approved by the Nationwide Mortgage Licensing System and Registry. The pre-licensing education
    completed by the individual must include at least: (1) 3 hours of Federal law and regulations; (2)
    3 hours of ethics, w…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: '(d) Completed at least 20 hours of pre-licensing education that has been reviewed
      and approved by the Nationwide Mortgage Licensing System and Registry. The pre-licensing education
      completed by the individual must include at least: (1) 3 hours of Federal law and regulations; (2)
      3 hours of ethics, which must include instruction on fraud, consumer protection , and fair lending
      issues; and (3) 2 hours of training on lending standards for the nontraditional mortgage product
      marketplace.'
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-e
  canonical_id: safe-12cfr-1008.105-e
  section: 12 CFR §1008.105(e)
  description: '(e): (e) (1) Achieved a test score of not less than 75 percent correct answers on a written
    test developed by the NMLSR in accordance with 12 U.S.C. 5105(d) . (2) To satisfy the requirement
    under paragraph (e)(1) of this section, an individual may take a test three consecutive times, with
    each retest occ…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: (e) (1) Achieved a test score of not less than 75 percent correct answers on a written
      test developed by the NMLSR in accordance with 12 U.S.C. 5105(d) . (2) To satisfy the requirement
      under paragraph (e)(1) of this section, an individual may take a test three consecutive times, with
      each retest occurring at least 30 days after the preceding test. If an individual fails three consecutive
      tests, the individual must wait at least 6 months before taking the test again. (3) If a formerly
      state -licensed loan originator fails to maintain a valid license for 5 years or longer, not taking
      into account any time during which such individual is a registered loan originator , the individual
      must retake the test and achieve a test score of not less than 75 percent correct answers.
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-f
  canonical_id: safe-12cfr-1008.105-f
  section: 12 CFR §1008.105(f)
  description: '(f): (f) Be covered by either a net worth or surety bond requirement, or pays into a state
    fund, as required by the state loan originator supervisory authority.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: (f) Be covered by either a net worth or surety bond requirement, or pays into a state
      fund, as required by the state loan originator supervisory authority.
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-g
  canonical_id: safe-12cfr-1008.105-g
  section: 12 CFR §1008.105(g)
  description: '(g): (g) Has submitted to the NMLSR fingerprints for submission to the Federal Bureau
    of Investigation and to any government agency for a state and national criminal history background
    check; and'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: (g) Has submitted to the NMLSR fingerprints for submission to the Federal Bureau
      of Investigation and to any government agency for a state and national criminal history background
      check; and
    drafter_attestation: Verbatim subsection of 12 CFR §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: safe-12cfr-1008.105-h
  canonical_id: safe-12cfr-1008.105-h
  section: 12 CFR §1008.105(h)
  description: '(h): (h) Has submitted to the NMLSR personal history and experience, which must include
    authorization for the NMLSR to obtain: (1) Information related to any administrative, civil, or criminal
    findings by any governmental jurisdiction; and (2) An independent credit report. CFR Toolbox Law about...
    Articl…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1008.105(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1008.105
    snapshot_id: fd14cb452cd58c24
    fetched_at: '2026-05-22T18:52:45Z'
    content_hash: sha256:daece27062db2c6b79f1eb186d3a83882429e1d326c7a0a40d870b34e61de5ee
    paragraph_quote: '(h) Has submitted to the NMLSR personal history and experience, which must include
      authorization for the NMLSR to obtain: (1) Information related to any administrative, civil, or
      criminal findings by any governmental jurisdiction; and (2) An independent credit report. 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 §1008.105 from Cornell LII snapshot fd14cb452cd58c24;
      body isolated between nav and notes; substring-verified.
  judgment: false
