(a) Access to recordsNotwithstanding 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) AgentFor 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 .
Structure US Code
CHAPTER 51— SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING
§ 5101. Purposes and methods for establishing a mortgage licensing system and registry
§ 5103. License or registration required
§ 5104. State license and registration application and issuance
§ 5105. Standards for State license renewal
§ 5106. System of registration administration by Federal agencies
§ 5108. Backup authority to establish a nationwide mortgage licensing and registry system
§ 5110. Background checks of loan originators
§ 5111. Confidentiality of information
§ 5113. Enforcement by the Bureau
§ 5114. State examination authority
§ 5115. Reports and recommendations to Congress