§ 53-244.118. Rule-making authority; records. - North Carolina Statutes

§ 53‑244.118.  Rule‑makingauthority; records.

(a)        The Commissionermay adopt any rules that the Commissioner deems necessary to carry out theprovisions of this Article, to provide for the protection of the borrowingpublic, to prohibit unfair or deceptive practices, to instruct mortgagelenders, mortgage brokers, mortgage servicers, or mortgage loan originators ininterpreting this Article, and to implement and interpret the provisions ofG.S. 24‑1.1E, 24‑1.1F, and 24‑10.2 as they apply to licenseesunder this Article.

(b)        The Commissionershall keep a list of all applicants for licensure under this Article orclaimants of exempt status under G.S. 53‑244.050(g) that includes thedate of application, name, place of residence, and whether the license or claimof exempt status was granted or denied.

(c)        The Commissionershall keep a current roster showing the names and places of business of alllicensees that shows their respective mortgage loan originators and a roster ofexempt persons required to file a notice under G.S. 53‑244.050(g). Theroster shall:

(1)        Be kept on file inthe office of the Commissioner;

(2)        Contain informationregarding all orders or other actions taken against the licensees and otherpersons; and

(3)        Be open to publicinspection.  (2009‑374,s. 2.)