NC H814

Expands definition of "discount points" to exclude certain federal agency fees (loan level price adjustments, adverse market delivery charges) paid by borrowers to Fannie Mae, Freddie Mac, Ginnie Mae, Veterans Administration, USDA, or other federal agencies.

Modifies "points and fees" definition to exclude fees paid to federal agencies for making, insuring, or guaranteeing home loans, making mortgages more affordable by reducing upfront costs counted toward rate limits.

Reduces surety bond requirements for mortgage brokers and lenders: brokers from $75,000 to $50,000 minimum (with scaled reductions for higher volume originators), and lenders from $150,000 to $75,000 minimum.

Prohibits the Commissioner from denying loan originator license renewal based solely on credit score; allows establishing minimum credit score standards but requires evidence of material disregard for creditors' rights to deny renewal.

Requires the Commissioner to notify examined parties of examination findings and initiate any disciplinary action within 12 months or be barred from doing so.