Bill Summary for H 776 (2013-2014)

Summary date: 

Apr 12 2013

Bill Information:

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.

View: All Summaries for BillTracking:

Bill summary

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.

© 2021 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view