Title 12 — Banks and BankingRelease 119-73not60
§5110 Background Checks of Loan Originators
Title 12 › Chapter 51— SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING › § 5110
Summary
Attorney General must give state regulators access to all criminal records when states require background checks for licensing loan originators and other financial providers; CSBS or a wholly owned subsidiary may act as a single agent to request and share those records with the Justice Department.
Full Legal Text
Title 12, §5110
Banks and Banking — Source: USLM XML via OLRC
(a)Notwithstanding any other provision of law, in providing identification and processing functions, the Attorney General shall provide access to all criminal history information to the appropriate State officials responsible for regulating State-licensed loan originators and other financial service providers to the extent criminal history background checks are required under the laws of the State for the licensing of such loan originators or other financial service providers.
(b)For the purposes of this section and in order to reduce the points of contact which the Federal Bureau of Investigation may have to maintain for purposes of subsection (a), the Conference of State Bank Supervisors or a wholly owned subsidiary may be used as a channeling agent of the States for requesting and distributing information between the Department of Justice and the appropriate State agencies .
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2015—Subsec. (a). Pub. L. 114–94 inserted “and other financial service providers” after “State-licensed loan originators” and “or other financial service providers” before period at end.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5110
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60