State supervision of nonbank mortgage lenders — an industry group that was a key part of the "shadow" financial system widely blamed for the crisis — is becoming as tough as federal oversight of depositories. And in some ways, tougher.

Many nonbank lenders recently learned that, under a little-known provision of the 2008 Safe and Fair Enforcement for Mortgage Licensing Act, they will soon have to file call reports like the ones banks and thrifts prepare quarterly.

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