PASSED: This new law transfers the authority for the State Home Foreclosure Prevention Project (SHFPP), a very important program for NC homeowners at risk of foreclosure, from the NC Commissioner of Banks (NCCOB) to the NC Housing Finance Agency (NCHFA). Since the NCHFA was already administering a number of foreclosure prevention programs, most notably the NC Foreclosure Prevention Fund, this new law was designed as an attempt to consolidate and streamline these state foreclosure prevention efforts. Both agencies agreed. The transfer preserves all the programs and protections included under the SHFPP, effective July 1, 2011.

H1057 prohibits deficiency judgments on predatory home loans in North Carolina. A deficiency judgment can be pursued by the lender if a foreclosed home sells at auction for less than the mortgage on the home.

Amends the NC Fair Housing Act to make sure "intent" and "disparate impact" are not required to make a claim for refusing a request for a reasonable accommodation or modification or for building design violations.