If a person voluntarily surrenders their mortgage license, how long are they ineligible to apply for licensure in North Carolina?

When a person voluntarily surrenders their mortgage license in North Carolina, the rules stipulate that their ineligibility to apply for a new license is determined by a period specified by the Commissioner. This allows for flexibility based on circumstances associated with the surrender and any mitigating factors. The Commissioner assesses individual cases, which is important to ensure that any concerns regarding the conduct leading to the voluntary surrender are appropriately addressed before reinstatement is considered. This approach emphasizes the regulatory framework's focus on maintaining industry standards and protecting the interests of borrowers and the market as a whole.

The other answer choices do not reflect this regulatory flexibility, as they imply fixed time frames that do not account for the specific determination made by the Commissioner based on the individual situation.