SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5114 — State examination authority

safe-12usc-5114

SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.), §5114 State examination authority. Full verbatim text from the Office of the Law Revision Counsel's United States Code (USLM XML, release point 119-111).

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Verbatim regulatory text (5)

Verbatim provisions from SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5114 — State examination authority — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

12 U.S.C. §5114(1)

(1) For the purposes of investigating violations or complaints arising under this chapter, or for the purposes of examination, the State licensing agency may review, investigate, or examine any loan originator licensed or required to be licensed under this chapter, as often as necessary in order to carry out the purposes of this chapter.

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5114 — State examination authority · source URL · snapshot 6f91bf592a3538b0

12 U.S.C. §5114(2)

(2) Each such loan originator shall make available upon request to the State licensing agency the books and records relating to the operations of such originator. The State licensing agency may have access to such books and records and interview the officers, principals, loan originators, employees, independent contractors, agents, and customers of the licensee concerning their business.

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5114 — State examination authority · source URL · snapshot 6f91bf592a3538b0

12 U.S.C. §5114(3)

(3) The authority of this section shall remain in effect, whether such a loan originator acts or claims to act under any licensing or registration law of such State, or claims to act without such authority.

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5114 — State examination authority · source URL · snapshot 6f91bf592a3538b0

12 U.S.C. §5114(4)

(4) No person subject to investigation or examination under this section may knowingly withhold, abstract, remove, mutilate, destroy, or secrete any books, records, computer records, or other information.

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5114 — State examination authority · source URL · snapshot 6f91bf592a3538b0

12 U.S.C. §5114 note — source credit and editorial notes (not statute text)

(Pub. L. 110–289, div. A, title V, § 1515, July 30, 2008, 122 Stat. 2823.)

Source: SAFE Act (S.A.F.E. Mortgage Licensing Act of 2008, 12 U.S.C.) § 5114 (notes) · source URL · snapshot 6f91bf592a3538b0

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Source of record: https://claudeforcompliance.com/regs/safe-12usc-5114/ · register safe-12usc-5114 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.