Federal banking regulators issued a proposal Monday that would require all mortgage originators to register with a national mortgage licensing database.

The plan would carry out a part of the Secure and Fair Enforcement for Mortgage Licensing Act, which was passed last year. This law said any originator, including employees of a bank, other depository institution or nonbank lenders, should register with the Nationwide Mortgage Licensing System and Registry. Each originator was to be assigned a unique identification number that would remain unchanged for the duration of his or her career.

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