North Carolina legislation · 2025-2026 Session
North Carolina H762: Modernize NC S.A.F.E. Act/2d Mortgage Fee Act.
Status: Signed into law, July 1, 2025
What the bill says
An act to modernize the north carolina secure and fair enforcement (s.a.f.e) mortgage licensing act and to modify the maximum permissible fees or discounts that certain lenders may charge on second or junior lien real estate loans to align more closely with federal qualified mortgage standards.
From the enrolled text:
AN ACT TO MODERNIZE THE NORTH CAROLINA SECURE AND FAIR ENFORCEMENT (S.A.F.E) MORTGAGE LICENSING ACT AND TO MODIFY THE MAXIMUM PERMISSIBLE FEES OR DISCOUNTS THAT CERTAIN LENDERS MAY CHARGE ON SECOND OR JUNIOR LIEN REAL ESTATE LOANS TO ALIGN MORE CLOSELY WITH FEDERAL QUALIFIED MORTGAGE STANDARDS. The General Assembly of North Carolina enacts: SECTION 1. Article 19B of Chapter 53 of the General Statutes reads as rewritten: "Article 19B. "The Secure and Fair Enforcement Mortgage Licensing Act. "Part 1. Application, Licensing, Examination, and Enforcement. "§ 53-244.010. Title. This act Article may be cited as the "North Carolina Secure and Fair Enforcement (S.A.F.E.) Mortgage Licensing Act." "§ 53-244.020. Purpose and construction. (a) Purpose. - A primary purpose of this Article is to protect consumers seeking residential mortgage loans and to ensure that the mortgage lending industry operates without unfair, deceptive, and fraudulent practices on the part of mortgage loan originators. Therefore, the General Assembly establishes within this Article an effective system of supervision and enforcement of the mortgage lending industry by giving the Commissioner of Banks broad administrative authority to administer, interpret, and enforce this Article and adopt rules implementing this Article in order to carry out the intentions of the General Assembly. (b) Construction. - It is the intent of the General Assembly that the provisions of this Article be …
Sponsors
- Ross, Stephen M. (R, 63) · primary sponsor
- Arp, Dean (R, 69) · primary sponsor
- Jackson, Neal (R, 78) · primary sponsor
- Setzer, Mitchell S. (R, 89) · primary sponsor
- Branson, Jerry (R, 59)
- Moss, Ben T. (R, 52)
- Scott, Paul (R, 111)
- Willingham, Shelly (D, 23)
Latest actions
- : Ch. SL 2025-43
- : Signed by Gov. 7/1/2025
- : Pres. To Gov. 6/26/2025
- : Ratified
- : Ordered Enrolled
- : Concurred In S Com Sub
- : Placed On Cal For 06/24/2025
- : Cal Pursuant 36(b)
- : Special Message Received For Concurrence in S Com Sub
- : Special Message Sent To House
Votes
- Modernize NC Secure and Fair Enforcement (S.A.F.E.) Act/Second Mortgage Fe M11 Concur (June 24, 2025): 112 yea, 0 nay, passed
- Modernize NC S.A.F.E. Act/2d Mortgage Fee Act. Second Reading (June 19, 2025): 41 yea, 0 nay, passed
- Modernize NC Secure and Fair Enforcement (S.A.F.E.) Act. Second Reading (April 30, 2025): 99 yea, 0 nay, passed
Subjects: CONSUMER PROTECTION, FINANCIAL INSTITUTIONS, EMPLOYMENT, COMMISSIONER OF BANKS, RATIFIED, TESTING, COMMERCE, FINANCIAL SERVICES
Common questions
- What is H762?
- H762 is a bill in the North Carolina Legislature (2025-2026 Session): Modernize NC S.A.F.E. Act/2d Mortgage Fee Act.
- What does H762 do?
- In its own words: An act to modernize the north carolina secure and fair enforcement (s.a.f.e) mortgage licensing act and to modify the maximum permissible fees or discounts that certain lenders may charge on second or junior lien real estate loans to align more closely with federal qualified mortgage standards.
- What is the status of H762?
- Signed into law as of July 1, 2025. Latest action: Ch. SL 2025-43 (July 1, 2025).
- Who sponsored H762?
- Ross, Stephen M. (R, 63), with 7 co-sponsors.
- Where is the official record for H762?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H762
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.