Bill Summary for H 762 (2025-2026)
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Summary date:
Jul 3 2025
Bill Information:
View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO MODERNIZE THE NORTH CAROLINA SECURE AND FAIR ENFORCEMENT (S.A.F.E) MORTGAGE LICENSING ACT AND TO MODIFY THE MAXIMUM PERMISSIBLE FEES OR DISCOUNTS THAT CERTAIN LENDERS MAY CHARGE ON SECOND OR JUNIOR LIEN REAL ESTATE LOANS TO ALIGN MORE CLOSELY WITH FEDERAL QUALIFIED MORTGAGE STANDARDS.Intro. by Ross, Arp, N. Jackson, Setzer.
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Bill summary
AN ACT TO MODERNIZE THE NORTH CAROLINA SECURE AND FAIR ENFORCEMENT (S.A.F.E) MORTGAGE LICENSING ACT AND TO MODIFY THE MAXIMUM PERMISSIBLE FEES OR DISCOUNTS THAT CERTAIN LENDERS MAY CHARGE ON SECOND OR JUNIOR LIEN REAL ESTATE LOANS TO ALIGN MORE CLOSELY WITH FEDERAL QUALIFIED MORTGAGE STANDARDS. SL 2025-43. Enacted July 1, 2025. Section 1 is effective October 1, 2025. The remainder is effective July 1, 2025.