North Carolina to Accept Electronic Surety Bonds

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Ballard Spahr LLP

The North Carolina Commissioner of Banks Office has begun receiving new and converted Electronic Surety Bonds (ESB) through NMLS for its mortgage broker, mortgage lender, and mortgage servicer licenses.

To date, more than half of the states have adopted ESBs for one or more of the licenses they administer.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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