Title 12 — Banks and BankingRelease 119-73
§5112 Liability provisions
Title 12 › Chapter CHAPTER 51— - SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING › § 5112
Summary
Protects the Bureau, state officials or agencies, the NMLS administrator or system under 5108, and their staff from money-damage suits for good‑faith actions or mistakes in their jobs. It covers collecting or sharing information about people applying to or licensed/registered through NMLS who work in industries covered by NMLS on May 24, 2018.
Full Legal Text
Title 12, §5112
Banks and Banking — Source: USLM XML via OLRC
The Bureau, any State official or agency, or any organization serving as the administrator of the Nationwide Mortgage Licensing System and Registry or a system established by the Director under section 5108 of this title, or any officer or employee of any such entity, shall not be subject to any civil action or proceeding for monetary damages by reason of the good faith action or omission of any officer or employee of any such entity, while acting within the scope of office or employment, relating to the collection, furnishing, or dissemination of information concerning persons who—
(1)have applied, are applying, or are licensed or registered through the Nationwide Mortgage Licensing System and Registry; and
(2)work in an industry with respect to which persons were licensed or registered through the Nationwide Mortgage Licensing System and Registry on May 24, 2018.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 5112, Pub. L. 110–289, div. A, title V, § 1513,
July 30, 2008, 122 Stat. 2820, which barred liability for good faith actions or omissions by certain entities’ officers or employees, was repealed by Pub. L. 111–203, title X, § 1100(8),
July 21, 2010, 124 Stat. 2107.
Amendments
2018—Pub. L. 115–174 substituted “persons who—” for “persons who are loan originators or are applying for licensing or registration as loan originators.” and added pars. (1) and (2).
Statutory Notes and Related Subsidiaries
Effective Date
of 2018 Amendment Pub. L. 115–174, title I, § 106(d), May 24, 2018, 132 Stat. 1304, provided that: “This section [enacting section 5117 of this title and amending this section] and the
Amendments
made by this section shall take effect on the date that is 18 months after the date of enactment of this Act [May 24, 2018].”
Effective Date
Section effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as an
Effective Date
of 2010 Amendment note under section 552a of Title 5, Government Organization and Employees.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5112
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73