SUBCHAPTER 03i - MORTGAGE BANKER/BROKER

SECTION .0100 – ADMINISTRATIVE

04 NCAC 03I .0101            DEFINITIONS; FILINGS

History Note:        Authority G.S. 53-233; 53-234; 53-241;

Eff. November 1, 1993;

Amended Eff. May 1, 1995;

Repealed Eff. April 1, 2003.

SECTION .0200 - FINANCIAL REQUIREMENTS

04 NCAC 03I .0201            FINANCIAL REQUIREMENTS FOR MORTGAGE BANKERS AND MORTGAGE BROKERS

History Note:        Authority G.S. 53-236(b); 53-241;

Eff. November 1, 1993;

Amended Eff. May 1, 1995;

Repealed Eff. April 1, 2003.

04 NCAC 03I .0202            MINIMUM NET WORTH REQUIREMENT FOR MORTGAGE BROKERS

04 NCAC 03I .0203            LIQUIDITY OF MORTGAGE BANKERS AND BROKERS

History Note:        Authority G.S. 53-236(b); 53-241;

Eff. November 1, 1993;

Repealed Eff. May 1, 1995.

04 NCAC 03I .0204            SURETY BOND

History Note:        Authority G.S. 53-236(b); 53-241;

Eff. November 1, 1993;

Amended Eff. May 1, 1995;

Repealed Eff. April 1, 2003.

04 NCAC 03I .0205            IRREVOCABLE LETTER OF CREDIT; PLEDGE OF SECURITIES

04 NCAC 03I .0206            NETWORTH

History Note:        Authority G.S. 53-236(b); 53-241;

Eff. May 1, 1995;

Repealed Eff. April 1, 2003.

SECTION .0300 - REGISTRATION OF MORTGAGE BANKERS AND MORTGAGE BROKERS

04 NCAC 03I .0301            APPLICATION FOR REGISTRATION AS A MORTGAGE BANKER OR BROKER

04 NCAC 03I .0302            EXEMPT PERSONS OR ORGANIZATIONS

04 NCAC 03I .0303            EXPERIENCE REQUIREMENTS FOR MORTGAGE BANKERS

04 NCAC 03I .0304            EXPERIENCE REQUIREMENTS FOR MORTGAGE BROKERS

04 NCAC 03I .0305            ISSUANCE OF CERTIFICATE OF REGISTRATION

04 NCAC 03I .0306            NONTRANSFERABILITY OF CERTIFICATE OF REGISTRATION

History Note:        Authority G.S. 53-234(6)(a); 53-235; 53-236; 53-236(b); 53-237(a); 53-237(c); 53-241; 53-242;

Eff. November 1, 1993;

Amended Eff. May 1, 1995;

Repealed Eff. April 1, 2003.

SECTION .0400 - OPERATIONS

04 NCAC 03I .0401            ANNUAL REGISTRATION FEE

04 NCAC 03I .0402            ANNUAL REPORT

04 NCAC 03I .0403            SEGREGATION OF FEES

04 NCAC 03I .0404            REFUNDS

04 NCAC 03I .0405            RECORD AND BOOKKEEPING REQUIREMENTS

04 NCAC 03I .0406            DISPLAY OF CERTIFICATE OF REGISTRATION

History Note:        Authority G.S. 53-122(3); 53-234(1); 53-234(2); 53-237(c); 53-238; 53-238(5); 53-238(6); 53-239; 53-239(c); 53-241; 53-242;

Eff. November 1, 1993;

Amended Eff. May 1, 1995;

Repealed Eff. April 1, 2003.

SECTION .0500 - REPORTING AND NOTIFICATION REQUIREMENTS

04 NCAC 03I .0501            AMENDMENTS TO INFORMATION ON FILE WITH THE COMMISSIONER

04 NCAC 03I .0502            WITHDRAWAL/TERMINATION/REGISTRATION/MTGE BANKER/MTGE BROKER

04 NCAC 03I .0503            IMPAIRMENT OF FINANCIAL REQUIREMENTS

History Note:        Authority G.S. 53-236(b); 53-241;

Eff. November 1, 1993;

Amended Eff. May 1, 1995;

Repealed Eff. April 1, 2003.

SECTION .0600 - PROHIBITED ACTS AND PRACTICES; INVESTIGATIONS

04 NCAC 03I .0601            PROHIBITED CONDUCT AND PRACTICES

04 NCAC 03I .0602            SOLICITATION AND ADVERTISING

04 NCAC 03I .0603            EXAMINATIONS, INVESTIGATION

04 NCAC 03I .0604            ENFORCEMENT ACTIONS

04 NCAC 03I .0605            HEARINGS

History Note:        Authority G.S. 53-238; 53-239; 53-240; 53-241;

Eff. November 1, 1993;

Amended Eff. May 1, 1995;

Repealed Eff. April 1, 2003.

SECTION .0700 - DISCLOSURE REQUIREMENTS

04 NCAC 03I .0701            CONFLICTS OF INTEREST

04 NCAC 03I .0702            MORTGAGE BROKER APPLICATION DISCLOSURES

04 NCAC 03I .0703            MORTGAGE BANKER APPLICATION DISCLOSURES

04 NCAC 03I .0704            DISCLOSURE ARRGMTS BETWEEN MORTGAGE BANKERS/MORTGAGE BROKERS

04 NCAC 03I .0705            COMMITMENT DISCLOSURES

04 NCAC 03I .0706            MORTGAGE LOCK-IN AGREEMENT

History Note:        Authority G.S. 53-238; 53-241;

Eff. November 1, 1993;

Amended Eff. May 1, 1995;

Repealed Eff. April 1, 2003.