§ 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 […]
§ 45-84 – Article not exclusive.
45-84. Article not exclusive. Except as otherwise provided in G.S. 45-83, the provisions of this Article are not exclusive. Nothing in this Article shall invalidate or overrule any rule of validity or priority applicable to any mortgage, deed of trust, or other security instrument failing to comply with the provisions of this Article. (1985, c. […]
§ 45-90 – Definitions.
45-90. Definitions. As used in this Article, the following definitions apply: (1) Home loan. – A loan secured by real property located in this State used, or intended to be used, by an individual borrower or individual borrowers in this State as a dwelling, regardless of whether the loan is used to purchase the property […]
§ 45-91 – Assessment of fees; processing of payments; publication of statements.
45-91. Assessment of fees; processing of payments; publication of statements. A servicer must comply as to every home loan, regardless of whether the loan is considered in default or the borrower is in bankruptcy or the borrower has been in bankruptcy, with the following requirements: (1) Any fee that is incurred by a servicer shall […]
§ 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, […]
§ 45-72 – 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.)
§ 45-74 – Article not exclusive.
45-74. Article not exclusive. The provisions of this Article shall not be deemed exclusive. Nothing in this Article shall invalidate or overrule any rule of validity or priority applicable to any security instrument failing to comply with the provisions of this Article. (1969, c. 736, s. 1; 2011-312, s. 19.)