53-244.100A. Assessments.
(a) For the purpose of meeting the cost of regulation under this Article, each mortgage lender, mortgage broker, and mortgage servicer licensed under this Article shall pay into the OCOB an assessment as provided in this subsection. The annual assessment shall consist of a base amount of two thousand dollars ($2,000) for volumes of no more than one million five hundred thousand dollars ($1,500,000) plus an additional sum, calculated on the loan and servicing dollar volume reported by the licensee to the OCOB for the previous calendar year. If a licensee has both loan and servicing volume, those amounts shall be added together and the assessment shall be calculated from the table below as follows:
(b) The Commissioner may collect the assessment provided for in subsection (a) of this section annually or in periodic installments as approved by the Commission. (2012-37, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53 - Regulation of Financial Services
Article 19B - The Secure and Fair Enforcement Mortgage Licensing Act.
§ 53-244.020 - Purpose and construction.
§ 53-244.040 - License and registration requirements.
§ 53-244.050 - License and registration application; claim of exemption.
§ 53-244.060 - Issuance of license or registration.
§ 53-244.070 - Educational requirements for mortgage loan originators.
§ 53-244.080 - Testing requirements for mortgage loan originators.
§ 53-244.090 - Application fees.
§ 53-244.100 - Active license or registration requirements and assignability.
§ 53-244.101 - License and registration renewal.
§ 53-244.102 - Continuing education for mortgage loan originators.
§ 53-244.103 - Surety bond requirements.
§ 53-244.104 - Minimum net worth requirements.
§ 53-244.105 - Records, addresses, escrow funds, or trust accounts.
§ 53-244.106 - Display of license.
§ 53-244.107 - Unique identifier shown.
§ 53-244.109 - Mortgage broker duties.
§ 53-244.110 - Mortgage servicer duties.
§ 53-244.111 - Prohibited acts.
§ 53-244.112 - Criminal penalties for unlicensed activity.
§ 53-244.113 - Regulatory authority.
§ 53-244.114 - Licensure and registration authority.
§ 53-244.115 - Investigation and examination authority.
§ 53-244.116 - Disciplinary authority.
§ 53-244.118 - Rule-making authority; records.
§ 53-244.119 - Commissioner's participation in nationwide registry.