Amends GS 53-244.104, concerning The Secure and Fair Enforcement Mortgage Licensing Act, replacing the requirement that licensed mortgage lenders obtain an unqualified audited financial statement documenting required net worth and liquidity amounts with a requirement that such amounts be documented by a certified public accountant’s compilation of financial condition.
ELIMINATE AUDITED FINANCIAL STATEMENT REQ.
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| View NCGA Bill Details(link is external) | 2015-2016 Session |
AN ACT TO ELIMINATE THE REQUIREMENT THAT LICENSED MORTGAGE LENDERS OBTAIN AN AUDITED FINANCIAL STATEMENT, AS RECOMMENDED BY THE LEGISLATIVE RESEARCH COMMISSION STUDY COMMITTEE ON BANKING LAW AMENDMENTS.Intro. by J. Bell, Jordan.
Status: Ref To Com On Banking (House Action) (Feb 27 2015)
Bill History:
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Tue, 24 Feb 2015 House: Filed(link is external)
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Fri, 27 Feb 2015 House: Passed 1st Reading(link is external)
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Fri, 27 Feb 2015 House: Ref To Com On Banking(link is external)
H 104
Bill Summaries:
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Bill H 104 (2015-2016)Summary date: Feb 24 2015 - View Summary
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