{"identifier":"/us/usc/t12/s5108","title":12,"num":"\u00a7\u202f5108.","heading":"Backup authority to establish a nationwide mortgage licensing and registry system","text":"\u00a7\u202f5108.\nBackup authority to establish a nationwide mortgage licensing and registry system\nIf 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.","url":"https://projectusc.org/usc/t12/s5108.html","content":[{"t":"sec","id":"/us/usc/t12/s5108","children":[{"t":"num","text":"\u00a7\u202f5108."},{"t":"heading","text":"Backup authority to establish a nationwide mortgage licensing and registry system"},{"t":"content","text":"\n","children":[{"t":"p","text":"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.","tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}