North Carolina § 53-244 - 090. Application fees.

§ 53-244. 090. Application fees.

Every applicant for initial licensure shall pay a nonrefundable filing fee of one thousand two hundred fifty dollars ($1,250) for licensure as a mortgage broker, mortgage lender, or mortgage servicer, three hundred dollars ($300.00) for licensure as an exclusive mortgage broker, or one hundred twenty-five dollars ($125.00) for licensure as a mortgage loan originator or transitional mortgage loan originator. Each principal and each branch office of a mortgage broker or mortgage lender licensed under the provisions of this Article shall be issued a separate license for which the Commissioner shall assess a nonrefundable filing fee of three hundred dollars ($300.00) in addition to the Nationwide Mortgage Licensing System and Registry processing fee. A licensed mortgage broker or mortgage lender shall file with the Commissioner a notice on a form prescribed by the Commissioner that identifies the address of the principal office and each branch office and its designated branch manager. Payment of the license fee under subsection (a) of this section shall be deemed to cover the location license fee for the principal office of each mortgage lender, mortgage broker, or mortgage servicer without payment of an additional three hundred dollars ($300.00) under this subsection. Every applicant for initial registration as a mortgage origination support registrant shall pay a nonrefundable filing fee of (i) two hundred fifty dollars ($250.00) for applicants who employ or contract with fewer than a total of five individuals engaged solely as loan processors or underwriters, (ii) one thousand dollars ($1,000) for applicants who employ or contract with between a total of five and 30 individuals engaged solely as loan processors or underwriters, or (iii) two thousand dollars ($2,000) for applicants who employ or contract with more than a total of 30 individuals engaged solely as loan processors or underwriters. In addition, every applicant for initial licensure or registration must pay the actual cost of obtaining a credit report, State and national criminal history record checks, and the processing fees required by the Nationwide Mortgage Licensing System and Registry. History (2009-374, s. 2; 2010-168, s. 4; 2013-327, s. 5; 2015-293, s. 1.) Editor's Note. - Session Laws 2013-327, s. 17, made the amendment to subsection (a) by Session Laws 2013-327, s. 5, 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 2010-168, s. 4, effective September 1, 2010, in subsection (b), twice substituted "three hundred dollars ($300.00)" for "one hundred twenty-five dollars ($125.00)." Session Laws 2013-327, s. 5, effective September 1, 2013, added "or transitional mortgage loan originator" to the end of the first sentence in subsection (a). For applicability, see editor's note. Session Laws 2015-293, s. 1, effective November 1, 2015, substituted "Application fees" for "License application fees" in the section heading; and in subsection (a), inserted the second paragraph and substituted "every applicant for initial licensure or registration" for "an applicant" in the present third paragraph. For applicability, see editor's note.