### Question
What does State-licensed mortgage company mean?


### Answer
**State-licensed mortgage company** has the following meaning in *12 U.S.C. § 5117*:

> an entity that is licensed or registered under the law of any State to engage in residential mortgage loan origination and processing activities

#### Citation:
  - *12 U.S.C. § 5117*
  - Heading: **CHAPTER 51-SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING**

