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Effective
06/11/2008
North
Carolina
NC
Commissioner of Banks
4309 Mail Service Center
Raleigh, NC 27699-4309
Ph: (919) 733-3016
Fax: (919) 733-6918
Summary
Loan officer
license
required. Before applying for a license, individual must
take a state approved mortgage fundamentals course and pass the North
Carolina loan officer test. 8 CE hours required for annual renewal.
North Carolina licensing period changing
from June to December - Licenses issued after June 2007 will expire
December 2008.
Download Free State Highlight Study Sheet
Links
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8 Hour Continuing Education
Course - Choose from
Approved Electives |
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North Carolina Test Preparation
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24 Hour Pre-Licensing Course
Must be
Instructor Led
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Click for Schedule and to Register |
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North Carolina State Licensing Blog
5/14/2008 North Carolina adopted rules
establishing financial responsibility requirements for mortgage bankers,
brokers and loan officers subject to licensing under the Mortgage
Lending Act. Under the new law, mortgage bankers and brokers must
satisfy minimum net worth and asset requirements and demonstrate a
satisfactory history of satisfying debt obligations in order to obtain a
license. Loan officers must demonstrate a satisfactory history of
satisfying debt obligations and have a credit score of at least 600 in
order to obtain a license. In addition, the rules clarify the
information required to be included in a licensee's record of mortgage
loan applications.
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