Ok, so I have been reading all this information and boy is there a lot. But I have just came across a passage, after all this reading that says, "MLO's who work for an insured depository or its owned or controlled subsidiary that is regulated by a federal banking agency, or for an institution regulated by the Farm Credit Administration, are registered. All other MLO's are to be licensed by the states. So my bank is FDIC insured so does that mean we are already registered? I am confused.