North Carolina General Statutes 53-244.118. Rule-making authority; records
(a) The Commissioner may adopt any rules that the Commissioner deems necessary to carry out the provisions of this Article, to provide for the protection of the borrowing public, to prohibit unfair or deceptive practices, to instruct mortgage lenders, mortgage brokers, mortgage servicers, mortgage loan originators, transitional mortgage loan originators, or registrants in interpreting this Article, and to implement and interpret the provisions of N.C. Gen. Stat. § 24-1.1E, 24-1.1F, and 24-10.2 as they apply to licensees and registrants under this Article.
(b) The Commissioner shall keep a list of all applicants for licensure or registration under this Article or claimants of exempt status under N.C. Gen. Stat. § 53-244.050(g) that includes the date of application, name, place of residence, and whether the license, registration, or claim of exempt status was granted or denied.
(c) The Commissioner shall keep a current roster showing the names and places of business of all licensees and registrants that shows their respective mortgage loan originators and transitional mortgage loan originators and a roster of exempt persons required to file a notice under N.C. Gen. Stat. § 53-244.050(g). The roster shall meet all of the following requirements:
(1) Be kept on file in the office of the Commissioner.
Terms Used In North Carolina General Statutes 53-244.118
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
(2) Contain information regarding all orders or other actions taken against the licensees, registrants, and other persons.
(3) Be open to public inspection. (2009-374, s. 2; 2013-327, s. 14; 2015-293, s. 1.)