Bill Summary for H 762 (2025-2026)

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Bill: MODERNIZE NC S.A.F.E. ACT.

Summary date: 

Apr 15 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
House Bill 762 (Public) Filed Wednesday, April 2, 2025
AN ACT TO MODERNIZE THE NORTH CAROLINA SECURE AND FAIR ENFORCEMENT (S.A.F.E) MORTGAGE LICENSING ACT.
Intro. by Ross, Arp, N. Jackson, Setzer.

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Bill summary

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

Makes a technical change in GS 53-244.103.

Amends proposed GS 53-244.143 to require covered institutions, instead of the Commissioner, to take the listed actions within 15 days of discovering that they no longer meet the statute's requirements, or when specified actions happen with the FHFA waiver.