Which body primarily regulates mortgage lending in North Carolina?

The North Carolina Commissioner of Banks is responsible for the regulation of mortgage lending within the state. This office oversees the licensing and operation of mortgage lenders and brokers, ensuring compliance with state laws and regulations related to lending practices. The Commissioner of Banks also has the authority to enforce consumer protection regulations, which are vital in maintaining fair lending practices within North Carolina.

In addition to overseeing licensing, the Commissioner conducts regular examinations and audits of mortgage companies to ensure that they adhere to the legal standards set forth by state and federal regulations. This regulatory body plays a crucial role in fostering a stable mortgage lending environment while protecting the interests of consumers in the state.

While other entities mentioned, such as the North Carolina Housing Authority, focus on housing policy and development, and the Federal Housing Finance Agency has oversight of the secondary mortgage market, they do not primarily regulate mortgage lending at the state level like the Commissioner of Banks does. The North Carolina Department of Insurance primarily deals with insurance aspects rather than direct mortgage lending regulations.