Ask Reggi Your Question Now
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 banker/broker operations and financial requirements. These regulations govern the activities of mortgage bankers and brokers in North Carolina. The document specifies the financial requirements that mortgage bankers and brokers must meet to operate in the state. It also includes sections on the operations of mortgage bankers and brokers, reporting and notification requirements, prohibited acts and practices, investigations, and disclosure requirements. The document was initially effective on November 1, 1993, and was amended on May 1, 1995, before being repealed on April 1, 2003. The document does not mention any specific exemptions or penalties. Overall, it provides guidelines and regulations for mortgage bankers and brokers operating in North Carolina.
Whom does it apply to?
Mortgage bankers and brokers in North Carolina
What does it govern?
Mortgage banker/broker operations and financial requirements
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
North Carolina