{"data":{"id":"us/12-u.s.c.-5108","jurisdiction":"us","citation":"12 U.S.C. § 5108","heading":"Backup authority to establish a nationwide mortgage licensing and registry system","body":"If at any time the Director determines that the Nationwide Mortgage Licensing System and Registry is failing to meet the requirements and purposes of this chapter for a comprehensive licensing, supervisory, and tracking system for loan originators, the Director shall establish and maintain such a system to carry out the purposes of this chapter and the effective registration and regulation of loan originators.","path":["Title 12—BANKS AND BANKING","CHAPTER 51—SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"474f140aa735ca84e26987e001f60614c8b332d1bf21771bfd9e8b698e197fa7","source_id":"us","stale":false,"prev":"us/12-u.s.c.-5107","next":"us/12-u.s.c.-5109"},"notice":"GroundRules: Original legal text. Not legal advice."}