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.
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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