§ 53-244.112. Criminal penalties for unlicensed activity.
§ 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.)