ELIMINATE AUDITED FINANCIAL STATEMENT REQ.

View NCGA Bill Details2015-2016 Session
House Bill 104 (Public) Filed Tuesday, February 24, 2015
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:

H 104

Bill Summaries:

  • Summary date: Feb 24 2015 - More information

    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. 


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