North Carolina Mortgage Lending Homepage

The 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Repealed Mortgage Lending Act (Repealed July 31, 2009)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

Mortgage Enforcement Actions

Print Mortgage Loan Originator License

Reinstatement of a Mortgage Loan Originator License

View "PE and Test Certification status" - see Education History link on left upon entering site (information will be reported to NMLS on May 1, 2010)

View PE and Test Certification FAQs - read carefully prior to registering for education and test

 

Nationwide Mortgage Licensing System Information

 

Mortgage News

  • The NCCOB emailed all licensed mortgage loan originators a memo regarding the Certification Process for Education and Testing on March 10, 2010.  See attached memo here and the Certification Process FAQs here.

  • Manufactured Home Lender Refunds $2.8 million to NC Homeowners and Agrees to Improve its Business Practices.  See news release here which was distributed March 9, 2010 regarding Vanderbilt Mortgage and Finance, Inc.

  • The NCCOB emailed all licensed Lenders and Brokers a financial statement reminder on February 8, 2010.  The financial statements are due March 31, 2010.  Select the link here to view the financial statement reminder.

  • The NCCOB emailed all Licensing Contacts,Qualifying Individuals and Mortgage Loan Originators regarding the MLO Federal Criminal Background checks through NMLS dated 1/25/2010. See attached  Federal Criminal Background check memo for detailed information.

  • The Nationwide Mortgage Licensing System sent the attached notices to all company Account Administrators and licensed Mortgage Loan Originators in NMLS making them aware of the pending launch of NMLS Consumer Access and encouraging them to review their information in NMLS and ensure it is in a form that they wish to have publicly displayed.
  • The Proposed Mortgage rules were published in the N.C. Register on November 2, 2009 at: http://www.oah.state.nc.us/rules/register/ (Volume 24, Issue 09).  Click here to review proposed rules and public comments.  The public comment period began on Nov. 2 and ran through Jan. 2, 2010.
  • NCCOB Non-Depository Newsletter  (Volume 1, Issue 3) dated October 31, 2009 was emailed to all licensed companies and mortgage loan originators.
  • Search Mortgage News Archive here.
  • Sign up to receive electronic updates via our non-depository newsletter by sending a blank email to: NonDepositoryNews-subscribe@lists.ncmail.net

Rev. 3/11/2010
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