§ 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 (a) Repealed by Session Laws 2013-399, s. 3, effective October 1, 2013.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 (b) Repealed by Session Laws 2013-399, s. 3, […]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 […]
§ 24-2 – Penalty for usury; corporate bonds may be sold below par.
24-2. Penalty for usury; corporate bonds may be sold below par. The taking, receiving, reserving or charging a greater rate of interest than permitted by this chapter or other applicable law, either before or after the interest may accrue, when knowingly done, shall be a forfeiture of the entire interest which the note or other […]
§ 24-2.1 – Transactions governed by Chapter.
24-2.1. Transactions governed by Chapter. (a) For purposes of this Chapter, any extension of credit shall be deemed to have been made in this State, and therefore subject to the provisions of this Chapter if the lender offers or agrees in this State to lend to a borrower who is a resident of this State, […]