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2015 North Carolina General Statutes
Chapter 53 - Regulation of Financial Services.
Article 19B - The Secure and Fair Enforcement Mortgage Licensing Act.
§ 53-244.112 - 112. Criminal penalties for unlicensed activity.

NC Gen Stat § 53-244.112 (2015) What's This?

53-244.112. Criminal penalties for unlicensed activity.

Engaging in the mortgage business as defined by G.S. 53-244.030(11) or acting as a mortgage loan originator without a license as required by the provisions of G.S. 53-244.040 is a Class 3 misdemeanor. Each transaction involving unlicensed activity is a separate offense. (2009-374, s. 2.)


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