§ 24-3 – Time from which interest runs.
24-3. Time from which interest runs. Interest is due and payable on instruments, as follows: (1) All bonds, bills, notes, bills of exchange, liquidated and settled accounts shall bear interest from the time they become due, provided such liquidated and settled accounts be signed by the debtor, unless it is specially expressed that interest is […]
§ 24-4 – Obligations due guardians to bear compound interest; rate of interest.
24-4. Obligations due guardians to bear compound interest; rate of interest. Guardians shall have power to lend any portion of the estate of their wards upon bond with sufficient security, to be repaid with interest annually, and all the bonds, notes or other obligations which he shall take as guardian shall bear compound interest, for […]
§ 24-5 – Interest on judgments.
24-5. Interest on judgments. (a) Actions on Contracts. – In an action for breach of contract, except an action on a penal bond, the amount awarded on the contract bears interest from the date of breach. The fact finder in an action for breach of contract shall distinguish the principal from the interest in the […]
§ 24-6 – Clerk to ascertain interest upon default judgment on bond, covenant, bill, note or signed account.
24-6. Clerk to ascertain interest upon default judgment on bond, covenant, bill, note or signed account. When a suit is instituted on a single bond, a covenant for the payment of money, bill of exchange, promissory note, or a signed account, and the defendant does not plead to issue thereon, upon judgment, the clerk of […]
§ 24-7 – Interest from verdict to judgment added as costs.
24-7. Interest from verdict to judgment added as costs. Except with respect to compensatory damages in actions other than contract as provided in G.S. 24-5, when the judgment is for the recovery of money, interest from the time of the verdict or report until judgment is finally entered shall be computed by the clerk and […]
§ 24-1.1D – Expired.
24-1.1D. Expired.
§ 24-1.1E – Restrictions and limitations on high-cost home loans.
24-1.1E. Restrictions and limitations on high-cost home loans. (a) Definitions. – The following definitions apply for the purposes of this section: (1) "Affiliate" means any company that controls, is controlled by, or is under common control with another company, as set forth in the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.), […]
§ 24-1.1F – Rate spread home loans.
24-1.1F. Rate spread home loans. (a) Repealed by Session Laws 2013-399, s. 3, effective October 1, 2013. (a1) A rate spread home loan is a loan that has an annual percentage rate that exceeds the limits set out in 15 U.S.C. 1639c(c)(1)(B)(ii) and any regulations promulgated thereunder. (b) Repealed by Session Laws 2013-399, s. 3, […]
§ 24-1.2A – Equity lines of credit.
24-1.2A. Equity lines of credit. (a) Notwithstanding any other provision of this Chapter, the parties to an equity line of credit, as defined in G.S. 45-81, may contract in writing for interest at rates which shall not exceed the maximum rates permitted under G.S. 24-1.1(c); provided, however, that the parties may contract for interest rates […]
§ 24-1.4 – Interest rates for savings and loan associations.
24-1.4. Interest rates for savings and loan associations. (a) Notwithstanding any other provision of law, a savings and loan association domiciled in North Carolina may charge interest or collect fees with respect to any loan to the same extent as if the provisions of section 501 of Public Laws 96-221, as interpreted by the Federal […]