North Carolina § 53-244 - 118. Rule-making authority; records.

§ 53-244. 118. Rule-making authority; records.

The Commissioner may adopt any rules that the Commissioner deems necessary to carry out the provisions of this Article, to provide for the protection of the borrowing public, to prohibit unfair or deceptive practices, to instruct mortgage lenders, mortgage brokers, mortgage servicers, mortgage loan originators, transitional mortgage loan originators, or registrants in interpreting this Article, and to implement and interpret the provisions of G.S. 24-1.1E, 24-1.1F, and 24-10.2 as they apply to licensees and registrants under this Article. The Commissioner shall keep a list of all applicants for licensure or registration under this Article or claimants of exempt status under G.S. 53-244.050(g) that includes the date of application, name, place of residence, and whether the license, registration, or claim of exempt status was granted or denied. The Commissioner shall keep a current roster showing the names and places of business of all licensees and registrants that shows their respective mortgage loan originators and transitional mortgage loan originators and a roster of exempt persons required to file a notice under G.S. 53-244.050(g). The roster shall meet all of the following requirements: Be kept on file in the office of the Commissioner. Contain information regarding all orders or other actions taken against the licensees, registrants, and other persons. Be open to public inspection. History (2009-374, s. 2; 2013-327, s. 14; 2015-293, s. 1.) Editor's Note. - Session Laws 2013-327, s. 17, made the amendment to subsections (a) and (c) by Session Laws 2013-327, s. 14, applicable to applications for licensure as a transitional mortgage loan originator filed on or after September 1, 2013. Session Laws 2015-293, s. 4, made the amendment to this section by Session Laws 2015-293, s. 1, applicable to all applications for registration as a mortgage origination support registrant filed on or after November 1, 2015. Session Laws 2015-293, s. 2 is a severability clause. Session Laws 2015-293, s. 3, provides: "The Commissioner of Banks may adopt temporary rules to administer this act." Effect of Amendments. - Session Laws 2013-327, s. 14, effective September 1, 2013, in subsection (a), inserted "or transitional mortgage loan originators" and made a stylistic change, and in subsection (c), inserted "and transitional mortgage loan originators". For applicability, see editor's note. Session Laws 2015-293, s. 1, effective November 1, 2015, inserted "or registrants" and similar language referring to registrants and registration throughout the section; added "meet all of the following requirements" at the end of the introductory language of subsection (c); and made minor stylistic changes. For applicability, see editor's note.