GroundRules
N.C. Gen. Stat. § 53-244.142: Applicability and exclusions.
Where this section sits in the code
- Chapter 53. Regulation of Financial Services.
- Article 19B. The Secure and Fair Enforcement Mortgage Licensing Act.
- Part 2. Prudential Standards for Mortgage Servicers.
(a) In addition to the provisions of this Part, all of the provisions in Part 1 of this Article apply to covered institutions.
(b) The following exclusions apply:
(1) This Part does not apply to a covered institution's holding company or affiliate, unless the holding company or affiliate is also a covered institution.
(2) This Part does not apply to not-for-profit mortgage servicers or housing finance agencies.
(3) G.S. 53-244.143 does not apply to mortgage servicers solely owning or conducting reverse mortgage servicing, the reverse mortgage portfolio administered by covered institutions, or the whole loan portion of portfolios. (2025-43, s. 1.)
Collected 2026-08-27T18:05:12Z. Source file · JSON