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Can you summarize Banking Commission > MORTGAGE BANKER/BROKER?
Banking Commission > MORTGAGE BANKER/BROKER
Short Summary
The provided legal document content consists of sections from the North Carolina Administrative Code related to mortgage bankers and brokers. It covers various aspects such as conflicts of interest, application disclosures, disclosure arrangements between mortgage bankers and brokers, commitment disclosures, mortgage lock-in agreements, prohibited conduct and practices, solicitation and advertising, examinations and investigations, enforcement actions, hearings, amendments to information on file with the commissioner, withdrawal/termination/registration of mortgage bankers and brokers, impairment of financial requirements, annual registration fee, annual report, segregation of fees, refunds, record and bookkeeping requirements, display of certificate of registration, application for registration as a mortgage banker or broker, exempt persons or organizations, experience requirements for mortgage bankers and brokers, issuance of certificate of registration, nontransferability of certificate of registration, irrevocable letter of credit, pledge of securities, minimum net worth requirement for mortgage brokers, liquidity of mortgage bankers and brokers. These regulations and requirements apply to mortgage bankers and brokers operating in North Carolina. No specific exemptions or penalties are mentioned in the provided legal document content.
Whom does it apply to?
The regulations and requirements outlined in the document apply to mortgage bankers and brokers operating in North Carolina.
What does it govern?
The provided legal document content governs the regulations and requirements for mortgage bankers and brokers in North Carolina.
What are exemptions?
No exemptions are mentioned in the provided legal document content.
What are the Penalties?
No penalties are mentioned in the provided legal document content.
Jurisdiction
North Carolina