LRC STUDY/BANKING LAW AMENDMENTS.

View NCGA Bill Details2013-2014 Session
House Bill 776 (Public) Filed Wednesday, April 10, 2013
A BILL TO BE ENTITLED AN ACT AUTHORIZING THE LEGISLATIVE RESEARCH COMMISSION TO STUDY THE FEASIBILITY OF VARIOUS CHANGES TO THE BANKING LAWS.
Intro. by J. Bell.

Status: Ref To Com On Banking (House Action) (Apr 11 2013)

Bill History:

H 776

Bill Summaries:

  • Summary date: Apr 12 2013 - More information

    Requires the Legislative Research Commission to study: (1) including non-depository industry representation on the State Banking Commission; (2) eliminating the requirement of an audited statement of financial condition; (3) adjusting the amount of the assessment fee; (4) adjusting the amount of the bonds required under GS 53-244.103. 12; (5) allowing the origination of reverse mortgages by all mortgage loan originators, mortgage brokers, mortgage lenders, and mortgage servicers, who are licensed by the Commissioner of Banks; (6) revising the procedure by which the Commissioner of Banks makes rules; and (7) eliminating the requirement that the North Carolina Housing Finance Agency adopt rules and oversee the training of housing counselors. Requires a report to the 2013 General Assembly when it convenes in 2014.


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