S.A.F.E. Mortgage Licensing Act – Federal Registration of Residential Mortgage Loan Originators (Reg. G)
1007.103 Registration of mortgage loan originators.
(a) Registration requirement –
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(4) Employees previously registered or licensed through the Registry –
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(ii) Rule for certain acquisitions, mergers, or reorganizations. When registered or licensed mortgage loan originators become covered financial institution employees as a result of an acquisition, consolidation, merger, or reorganization, only the requirements of paragraphs (a)(4)(i)(A), (C), and (D) of this section must be met, and these requirements must be met within 60 days from the effective date of the acquisition, merger, or reorganization.