Bill Summaries: H518 (2017-2018 Session)

Tracking:
  • Bill H 518 (2017-2018)
    Summary date: Mar 28 2017 - View summary

    Amends GS 53-244.040, pertaining to license and registration requirements under the Secure and Fair Enforcement Mortgage Licensing Act, to amend the second exemption set out in subsection (d). Exempts from the provisions of Article 19B, except the prohibited act provisions of GS 53-244.111, any individual who offers or negotiates terms of a residential mortgage loan with or on behalf of a family member of the individual that is related within the third degree of kinship, including relation by adoption, when making the family member a residential mortgage loan (currently, the exemption refers to an immediate family member of the individual).
    Courts/Judiciary, Civil, Civil Law, Development, Land Use and Housing, Property and Housing
    GS 53

© 2022 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.