Unique Identifier Law and Legal Definition
According to 12 USCS § 5102 (12) (A), [Title 12. Banks and Banking; Chapter 51. Secure And Fair Enforcement for Mortgage Licensing] in general, the term unique identifier means “a number or other identifier that--
(i) permanently identifies a loan originator;
(ii) is assigned by protocols established by the Nationwide Mortgage Licensing System and Registry and the Federal banking agencies to facilitate electronic tracking of loan originators and uniform identification of, and public access to, the employment history of and the publicly adjudicated disciplinary and enforcement actions against loan originators; and
(iii) shall not be used for purposes other than those set forth under this title [12 USCS §§ 5101 et seq.].”
