North Carolina General Statutes Chapter 53. Regulation of Financial Services § 53-244.119. Commissioner's participation in nationwide registry

Current as of January 01, 2023 | Updated by Findlaw Staff

(a) The Commissioner may participate in the NMLS and may require all persons to be licensed or registered through the NMLS. For this purpose, the Commissioner may establish by rule any requirements as necessary, including any of the following:

(1) Background checks for the following:

a. Criminal history through fingerprint or other databases.

b. Civil or administrative records.

c. Credit history.

d. Any other information deemed necessary by the NMLS.

(2) The payment of fees to apply for, renew, or amend licenses and registrations through the NMLS.

(3) Renewal or reporting dates.

(4) Requirements for amending or canceling a license, registration, or any other activities as the Commissioner deems necessary for participation in the NMLS.

(b) The Commissioner may establish relationships or contracts with the NMLS or its designees to collect and maintain records and process transaction fees or other fees related to licensees, registrants, or other persons subject to this Article.

(c) For the purpose of participating in the NMLS, the Commissioner may waive or modify, in whole or in part, any or all of the requirements of this Article and may establish new requirements as reasonably necessary to participate in the NMLS.

(d) The Commissioner may enter into agreements to license the use of the proprietary software owned by the Office of the Commissioner of Banks to banking, mortgage, or financial services supervisory agencies of other states.

(e) Repealed by S.L. 2012-37, § 4, eff. Oct. 1, 2012.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 53. Regulation of Financial Services § 53-244.119. Commissioner's participation in nationwide registry - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-53-regulation-of-financial-services/nc-gen-st-sect-53-244-119/

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