North Carolina General Statutes Chapter 53. Regulation of Financial Services § 53-244.142. Applicability and exclusions

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

(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.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 53. Regulation of Financial Services § 53-244.142. Applicability and exclusions - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-53-regulation-of-financial-services/nc-gen-st-sect-53-244-142/

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