A BILL TO BE ENTITLED
AN ACT to amend the mortgage lending act by increasing the registration fees for mortgage brokers and bankers.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 53‑243.05(e) reads as rewritten:
"(e)	Every applicant for initial licensure shall pay a filing fee of  one thousand one hundred dollars ($1,100) for licensure as a mortgage broker or mortgage banker or fifty dollars ($50.00) for licensure as a loan officer or limited loan officer, in addition to the actual cost of obtaining credit reports and State and national criminal history record checks."
SECTION 2.  This act becomes effective October 1, 2006.