NC S806

Establishes a tiered assessment system for mortgage lenders, brokers, and servicers based on loan and servicing dollar volume, ranging from $0.01 to $0.07 per thousand dollars, with a base fee of $2,000 for volumes up to $1,500,000.

Allows the Commissioner to collect assessments annually or in periodic installments as approved by the Banking Commission.

Simplifies license renewal fee structure by consolidating separate fees for different licensee types into a single $125 renewal fee for mortgage loan originators, eliminating previous tiered fee system.

Removes the requirement that applicants and licensees bear the cost of investigations and examinations, replacing it with assessment-based funding and allowing only extraordinary reviews to incur additional costs.

Effective date is October 1, 2012.