{"data":{"id":"us/12-cfr-1008.113","jurisdiction":"us","citation":"12 CFR 1008.113","heading":"Performance standards.","body":"(a) For the Bureau to determine that a state is providing effective supervision and enforcement, a supervisory authority must meet the following performance standards:\n(1) The supervisory authority must participate in the NMLSR;\n(2) The supervisory authority must approve or deny loan originator license applications and must renew or refuse to renew existing loan originator licenses for violations of state or Federal law;\n(3) The supervisory authority must discipline loan originator licensees with appropriate enforcement actions, such as license suspensions or revocations, cease-and-desist orders, civil money penalties, and consumer refunds for violations of state or Federal law;\n(4) The supervisory authority must examine or investigate loan originator licensees in a systematic manner based on identified risk factors or on a periodic schedule.\n(b) A supervisory authority that is accredited under the Conference of State Bank Supervisors-American Association of Residential Mortgage Regulators Mortgage Accreditation Program will be presumed by the Bureau to be compliant with the requirements of this section.","path":["Title 12—Banks and Banking","CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU","PART 1008—S.A.F.E. MORTGAGE LICENSING ACT—STATE COMPLIANCE AND BUREAU REGISTRATION SYSTEM (REGULATION H)","Subpart B—Determination of State Compliance With the S.A.F.E. Act"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"dafd77fd9c0a9afbb9e4ca6256a2fff560a70064b2ec0392c5db9f053b56af86","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1008.111","next":"us/12-cfr-1008.115"},"notice":"GroundRules: Original legal text. Not legal advice."}