§ 53‑244.112. Criminal penalties for unlicensed activity.
Engaging in the mortgage business as defined by G.S. 53‑244.030(11) or acting as a mortgage loan originator without a license as required by the provisions of G.S. 53‑244.040 is a Class 3 misdemeanor. Each transaction involving unlicensed activity is a separate offense. (2009‑374, s. 2.)