12 CFR 1008.205 – The Bureau’s establishment of nationwide mortgage licensing system and registry
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If the Bureau determines that the NMLSR established by CSBS and AARMR does not meet the minimum requirements of subpart D of this part, the Bureau will establish and maintain a nationwide mortgage licensing system and registry.
Terms Used In 12 CFR 1008.205
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.