12 CFR § 1008.113 - Performance standards.

---
identifier: "/us/cfr/t12/s1008.113"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1008.113 - Performance standards."
title_number: 12
title_name: "Banks and Banking"
section_number: "1008.113"
section_name: "Performance standards."
chapter_name: "CONSUMER FINANCIAL PROTECTION BUREAU"
part_number: "1008"
part_name: "S.A.F.E. MORTGAGE LICENSING ACT—STATE COMPLIANCE AND BUREAU REGISTRATION SYSTEM (REGULATION H)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5101-5116; Pub. L. 111-203, 124 Stat. 1376."
regulatory_source: "76 FR 78487, Dec. 19, 2011, unless otherwise noted."
cfr_part: "1008"
---


# 1008.113 Performance standards.

(a) For the Bureau to determine that a state is providing effective supervision and enforcement, a supervisory authority must meet the following performance standards:

(1) The supervisory authority must participate in the NMLSR;

(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;

(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;

(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.

(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.