NC H949

Establishes a tiered annual assessment system for mortgage lenders, brokers, and servicers based on loan and servicing dollar volume, with a base fee of $2,000 and per-thousand charges ranging from $0.01 to $0.07 depending on volume level.

Changes mortgage loan originator renewal fee structure to a flat $125.00 renewal fee plus actual costs for credit reports, criminal history checks, and Nationwide Mortgage Licensing System processing fees, eliminating previous separate fee categories.

Removes requirement that applicants and licensees pay investigation and examination costs, instead funding regulation through the new assessment system, except for extraordinary review requiring actual costs and hourly staff rates as determined annually by the Banking Commission.

Allows the Commissioner to collect assessments annually or in periodic installments as approved by the Commission, and removes a repealed provision from G.S. 53-244.119(e).

Becomes effective October 1, 2012.