§ 45-92 – Obligation of servicer to handle escrow funds.
45-92. Obligation of servicer to handle escrow funds. Any servicer that exercises the authority to collect escrow amounts on a home loan held or to be held for the borrower for insurance, taxes, and other charges with respect to the property shall collect and make all payments from the escrow account, so as to ensure […]
§ 45-93 – Borrower requests for information.
45-93. Borrower requests for information. The servicer shall make reasonable attempts to comply with a borrower’s request for information about the home loan account and to respond to any dispute initiated by the borrower about the loan account, as provided in this section. The servicer shall maintain, until the home loan is paid in full, […]
§ 45-94 – Remedies.
45-94. Remedies. In addition to any equitable remedies and any other remedies at law, any borrower injured by any violation of this Article may bring an action for recovery of actual damages, including reasonable attorneys’ fees. The Commissioner of Banks, the Attorney General, or any party to a home loan may enforce the provisions of […]
§ 45-95 – Severability.
45-95. Severability. The provisions of this Article shall be severable, and if any phrase, clause, sentence, or provision is declared to be invalid or is preempted by federal law or regulation, the validity of the remainder of this section shall not be affected thereby. If any provision of this Article is declared to be inapplicable […]
§ 45-100 – Title.
45-100. Title. This Article shall be known as the Emergency Program to Reduce Home Foreclosures Act. (2008-226, s. 1; 2010-168, s. 9; 2012-79, s. 2.17(g).)
§ 45-82.4 – Prepayment penalty.
45-82.4. Prepayment penalty. Except as provided in G.S. 24-9(c), no prepayment penalty may be charged with respect to an equity line of credit. (2011-312, s. 25.)
§ 45-83 – Future advances statute shall not apply.
45-83. Future advances statute shall not apply. The provisions of Article 7 of this Chapter shall not apply to an equity line of credit or the equity line security instrument securing it, if the equity line security instrument shows on its face that it secures an equity line of credit governed by the provisions of […]
§ 45-71 – Satisfaction of the security instrument.
45-71. Satisfaction of the security instrument. Upon payment of all the obligations secured by a security instrument which conforms to the requirements of this Article and upon termination of all obligation to make advances, and upon written demand made by the maker of the security instrument, his successor in interest, or anyone claiming under him, […]
§ 45-72 – Termination of future optional advances.
45-72. Termination of future optional advances. (a) The holder of a security instrument conforming to the provisions of this Article shall, at the request of the maker of the security instrument or his successor in title promptly furnish to him a statement duly executed and acknowledged in such form as to meet the requirements for […]
§ 45-73 – Cancellation of record; presentation of notes described in security instrument sufficient.
45-73. Cancellation of record; presentation of notes described in security instrument sufficient. The provisions of G.S. 45-37 apply to discharge of record of instruments executed under this Article. (1969, c. 736, s. 1; 2011-246, s. 6.)