twelve CFR – Registration of mortgage originators
(1) Worker registration. Such staff member who is not when you look at the compliance on membership and novel identifier standards set forth within area is actually pass of S.A great.F.Age. Operate and this area.
(i) As a whole. If a member of staff out of a secure financial institution was joined or registered compliment of, and received a new identifier out of, the latest Registry and contains maintained it subscription otherwise license till the staff will get subject to so it part within newest secured economic place, then the subscription requirements of one’s S.A beneficial.F.E. Work and therefore part is deemed is came across, provided that:
(A) The employment pointers inside sentences (d)(1)(i)(C) and you will (d)(1)(ii) from the area was updated together with requirements from paragraph (d)(2) from the area try satisfied;