State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-244_112

§ 53‑244.112.  Criminalpenalties for unlicensed activity.

Engaging in the mortgagebusiness as defined by G.S. 53‑244.030(11) or acting as a mortgage loanoriginator without a license as required by the provisions of G.S. 53‑244.040is a Class 3 misdemeanor. Each transaction involving unlicensed activity is aseparate offense.  (2009‑374,s. 2.)