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July 11, 2008
Legislature Acts to Control Mortgage Servicers
North Carolina lawmakers have approved new rules that require mortgage servicers to be licensed in the state. The measure now goes to Gov. Mike Easley (D) for his signature. State House and Senate legislators voted in favor of the new rules, hoping to prevent the kinds of abuses that contributed to the housing market meltdown and severely undermined consumer confidence in the mortgage system. North Carolina stands to become just the ninth state to regulate mortgage servicers.
Posted by S. Germain at July 11, 2008 08:07 AM