Bill Summary for H 616 (2013-2014)

Summary date: 

May 6 2013
S.L. 2013-327

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 616 (Public) Filed Tuesday, April 9, 2013
A BILL TO BE ENTITLED AN ACT AMENDING THE SECURE AND FAIR ENFORCEMENT MORTGAGE LICENSING ACT TO PROVIDE FOR THE LICENSURE OF A TRANSITIONAL MORTGAGE LOAN ORIGINATOR.
Intro. by Szoka, Dockham, B. Brown.

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Bill summary

House committee substitute makes the following changes to the 1st edition.

Makes technical corrections to GS 53-244.040 to insert an omitted word and to correct a typographical error.

Clarifies that upon the July 1, 2013,effective date of this act,the actwill apply toapplications for licensure as a transitional mortgage loan originator filed on or after that date.

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