12 USC § 5108 - Backup authority to establish a nationwide mortgage licensing and registry system

---
identifier: "/us/usc/t12/s5108"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5108 - Backup authority to establish a nationwide mortgage licensing and registry system"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5108"
section_name: "Backup authority to establish a nationwide mortgage licensing and registry system"
chapter_number: 51
chapter_name: "SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 110–289, div. A, title V, § 1509, July 30, 2008, 122 Stat. 2819; Pub. L. 111–203, title X, § 1100(3), July 21, 2010, 124 Stat. 2106.)"
---


# § 5108. Backup authority to establish a nationwide mortgage licensing and registry system

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.

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**Source Credit**: (Pub. L. 110–289, div. A, title V, § 1509, July 30, 2008, 122 Stat. 2819; Pub. L. 111–203, title X, § 1100(3), July 21, 2010, 124 Stat. 2106.)

## Editorial Notes

### Amendments

2010— substituted “Director” for “Secretary” in two places.

## Statutory Notes and Related Subsidiaries

### Effective Date of 2010 Amendment

Amendment by  effective on the designated transfer date, see , set out as a note under , Government Organization and Employees.