Which act imposes a mortgage broker's duty of care in North Carolina?

The correct choice is indeed the North Carolina S.A.F.E. Act. This act was established to provide a comprehensive regulatory framework covering mortgage lenders and brokers, especially in the area of mortgage loan origination. It specifically outlines the duties and responsibilities of mortgage brokers, including the important duty of care they owe to their clients.

This duty of care ensures that mortgage brokers act in the best interest of borrowers, providing them with accurate information and guiding them through the complexities of mortgage transactions. By implementing these protective measures, the S.A.F.E. Act helps to promote ethical practices in the mortgage lending industry, which is essential for maintaining consumer trust and financial stability.

The other acts mentioned do have relevance in the broader landscape of mortgage regulations but do not specifically impose the same duty of care mandated under the S.A.F.E. Act. The North Carolina Mortgage Act, for example, deals with licensing and regulatory requirements but does not focus explicitly on the duties owed by brokers to their clients. The Consumer Financial Protection Act seeks to protect consumers in the financial sector broadly, while the Real Estate Settlement Procedures Act primarily addresses the transparency of settlement processes and closing costs.