AN ACT TO AMEND THE MEMBERSHIP OF THE BANKING COMMISSION.
Amends GS 53C-1-4(58), the definition for a “public member” of the State Banking Commission (Commission), providing that persons licensed under GS Chapter 53, Article 19B (The Secure and Fair Enforcement Mortgage Licensing Act) who were also employees of a NC financial institution at the time of appointment or within the five years preceding the appointment are not considered public members of the Commission.
Amends GS 53C-2-1 expanding the membership of the Commission to 17 members (was 15 members). Further provides that 14 members of the Commission will be appointed by the Governor (was 12 members) including one person licensed under GS Chapter 53, Article 19B and nine public members (was, eight).
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