North Carolina Mortgage Lending Homepage

he North Carolina Office of the Commissioner of Banks licenses and regulates the business activities of mortgage lenders, brokers, servicers and mortgage loan originators.  This section is intended to provide both consumers and licensees relevant information regarding regulation of the mortgage industry.            

The Mortgage Licensing Act (NCGS Chapter 53, Article 19B) (Effective July 31, 2009), requires that any business engaged in mortgage lending be licensed annually by the NC Commissioner of Banks as either a mortgage lender, a mortgage broker or mortgage servicer. In addition, any individual employed by a licensed mortgage lender, mortgage broker, or servicer acting as a mortgage loan originator must have a mortgage loan originator license. Some lenders, primarily banks and credit unions, are exempt from licensing, but must file and keep current their information contained in their Claim of Exemption. 

Repealed Mortgage Lending Act (Repealed July 31, 2009)

Licensee Search for Companies and Mortgage Loan Originators

List of licensed Mortgage Servicers and Lenders that service mortgage loans.

Mortgage Enforcement Actions

Print Mortgage Loan Originator License

 

Nationwide Mortgage Licensing System Information

 

Mortgage News

  • View the New Fee Changes effective September 1, 2010.

  • View the Memo to Mortgage Brokers Regarding Disclosures and Model Disclosure Form here that was emailed on August 26, 2010.

  • Press Release: State Regulators Announce Settlement Agreement with WR Starkey Mortgage. (August 2, 2010) See settlement agreement.
  • The NCCOB is conducting a Qualifying Individual Orientation (QIO) training session on September 15, 2010 at our Raleigh office.  This class is designed for qualifying individuals and licensing contacts of licensed companies. Companies may sign up here to register their qualifying individuals or licensing contacts for the upcoming training.
  • Non-Depository Newsletter  (Volume 2, Issue 2) dated July 30, 2010 was emailed to all licensed companies and mortgage loan originators.
  • View the new Rules 101, 205, 301, 401 which were emailed to all Mortgage Servicers and Mortgage Lenders Servicing loans on July 1, 2010. 

  • View the new Servicing Rules 702 & 703 which were emailed to licensees on April 30, 2010.

  • New Servicing Rules Effective June 1, 2010 are found here. (April 30, 2010).  View Servicing FAQs here.

  • Press Release: New Mortgage Rules to Reduce Foreclosures Approved by the Rules Review Commission. See approved foreclosure rules here. (April 22, 2010).

  • NCCOB Non-Depository Newsletter  (Volume 2, Issue 1) dated April 19, 2010 was emailed to all licensed companies and mortgage loan originators.

  • Press Release: State Regulators Announce Settlement Agreement with CitiFinancial. (March 24, 2010) See settlement agreement.
  • Press Release: Manufactured Home Lender Refunds $2.8 million to NC Homeowners and Agrees to Improve its Business Practices. (March 9, 2010)
  • Search Mortgage News Archives here.

  • Search Non-Depository Newsletter Archives here.

  • Sign up to receive electronic updates of the Non-Depository Newsletter by sending a blank email to: NonDepositoryNews-subscribe@lists.ncmail.net

Rev.  9/1/2010
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