Determine which entity (CFPB, state, or both) regulates/determines

certain aspects of the mortgage loan originator's process

line, Determine which entity (CFPB, State, or both) regulates/determines certain aspects of the MLO process. Examines MLOS Can investigates MLOS Can impose civil penalties to MLOs of up to $30,0581 Publishes findings in the NMLS Performs or accesses background checks on MLOS Write and promulgates rules for MLOS Can share information about MLOs with other authorities Can issue cease and desist orders to MLOS Can subpoena MLOS Can take over running the NMLS or start a new licensing system if needed Issues, approves, renews, denies, revokes, and suspends MLO licenses Creates state fund, net worth, and surety bond requirements for lending institutions line, Determine which entity (CFPB, State, or both) regulates/determines certain aspects of the MLO process. Examines MLOS Can investigates MLOS Can impose civil penalties to MLOs of up to $30,0581 Publishes findings in the NMLS Performs or accesses background checks on MLOS Write and promulgates rules for MLOS Can share information about MLOs with other authorities Can issue cease and desist orders to MLOS Can subpoena MLOS Can take over running the NMLS or start a new licensing system if needed Issues, approves, renews, denies, revokes, and suspends MLO licenses Creates state fund, net worth, and surety bond requirements for lending institutions