Registered Loan Originator Law and Legal Definition
According to 12 USCS § 5102 (7), the term registered loan originator means “any individual who--
(A) meets the definition of loan originator and is an employee of--
(i) a depository institution;
(ii) a subsidiary that is--
(I) owned and controlled by a depository institution; and
(II) regulated by a Federal banking agency; or
(iii) an institution regulated by the Farm Credit Administration; and
(B) is registered with, and maintains a unique identifier through, the Nationwide Mortgage Licensing System and Registry.”
Legal Definition list
- Registered Lease
- Registered Land
- Registered Instrument
- Registered in the Central Contractor Registration [CCR] Database
- Registered Historic District
- Registered Loan Originator
- Registered Mail
- Registered Mark
- Registered Public Accounting Firm
- Registered Representative
- Registered Residential Alarm System Contractor
Related Legal Terms
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Air Loan
- Allowance for Loan and Lease Losses
- Alternative Originator [Education]
- Amortized Loan
- Automatic Premium Loan Option