Who regulates and oversees mortgage licensees in North Carolina?

The Office of the Commissioner of Banks is the entity responsible for regulating and overseeing mortgage licensees in North Carolina. This office manages the licensing process for mortgage loan originators and ensures compliance with state and federal laws governing mortgage lending. By supervising financial institutions and mortgage companies, the Commissioner of Banks protects consumer interests, maintains public confidence in the financial system, and promotes safe and sound banking practices.

The other options, while related to administrative roles within the broader context of housing and finance, do not specifically hold the authority to oversee mortgage licensees. For example, the Office of the Secretary of State primarily handles business registrations and certain legal filings, whereas the North Carolina Real Estate Commission focuses more on regulating real estate brokers and firms rather than mortgage lending directly. The Federal Reserve Board oversees monetary policy at the national level but does not specifically regulate mortgage licensees within individual states like North Carolina.