4 N.C. Admin. Code 3M.0204

Current through Register Vol. 39, No. 9, November 1, 2024

Section 03M .0204 - EXPERIENCE

As used in G.S. 53-244.050(b)(2), an individual is considered to have acquired "experience in residential mortgage lending" during any documented period in which:

(1) more than half of the individual's employment income was derived from employment in the mortgage lending, mortgage servicing, or mortgage brokerage industry; and

(2) that individual had actual responsibility for job functions in each area of study included in a prelicensing education program.

04 N.C. Admin. Code 03M .0204

Authority G.S. 244-118;
Eff. April 1, 2003;
Amended Eff. May 1, 2010; April 1, 2008;
Readopted Eff. August 1, 2018.

Authority G.S. 244-118;
Eff. April 1, 2003;
Amended Eff. May 1, 2010; April 1, 2008.

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