4 N.C. Admin. Code 3K.0402

Current through Register Vol. 38, No. 24, June 17, 2024

Section 03K .0402 - RECORD AND BOOKKEEPING REQUIREMENTS

(a) All NC SAFE Act authorized lenders shall maintain their books and records relating to the making of reverse mortgage loans for a period of three years after payment of the debt and make them available for inspection by the Commissioner.

(b) An NC SAFE Act authorized lender shall notify the Commissioner of any change in the location of its books and records.

04 N.C. Admin. Code 03K .0402

Authority G.S. 53-244.105; 53-259; 53-271(a);
Eff. January 1, 1995;
Readopted Eff. August 1, 2018.

Authority G.S. 53-259; 53-270; 53-271(a);
Eff. January 1, 1995.

Amended by North Carolina Register Volume 33, Issue 05, September 1, 2018 effective 8/1/2018.