§ 45-82 – Priority of equity line security instrument.
45-82. Priority of equity line security instrument. An equity line security instrument shall, from the time and date of its registration, have the same priority to the extent of all advances secured by it as if the advances had been made at the time of the registration of the equity line security instrument, notwithstanding the […]
§ 45-82.1 – Extension of period for advances.
45-82.1. Extension of period for advances. (a) The period for advances agreed to pursuant to G.S. 45-81(3) may be extended by written agreement of the lender and borrower executed and registered prior to expiration or termination of the equity line of credit or the borrower’s obligation to repay any outstanding indebtedness. Any extended period shall […]
§ 45-82.2 – Request to terminate an equity line of credit.
45-82.2. Request to terminate an equity line of credit. (a) Upon receipt of a request from an authorized person to terminate an equity line of credit, the lender shall (i) terminate the borrower’s right to obtain advances under the borrower’s equity line of credit; (ii) apply all sums subsequently paid by or on behalf of […]
§ 45-82.3 – Notice regarding future advances.
45-82.3. Notice regarding future advances. (a) A notice regarding future advances may be submitted to a lender by an authorized person, an owner of the property, or a qualified lien holder. (b) Except as provided in subsection (c) of this section, an advance made by a lender to a borrower pursuant to an equity line […]
§ 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.)
§ 45-43 – Real estate mortgage loans; commissions.
45-43. Real estate mortgage loans; commissions. Any individual or corporation authorized by law to do a real estate mortgage loan business may make or negotiate loans of money on notes secured by mortgages or deeds of trust on real estate bearing legal interest payable semiannually at maturity or otherwise, and in addition thereto, may charge, […]
§ 45-44 – Mortgages held by insurance companies, banks, building and loan associations, or other lending institutions.
45-44. Mortgages held by insurance companies, banks, building and loan associations, or other lending institutions. A mortgage or deed of trust held by an insurance company, bank, building and loan association, or other lending institution shall be deemed, for the purposes of any regulatory statute applicable to such institutions, to be a first lien on […]
§ 45-45 – Spouse of mortgagor included among those having right to redeem real property.
45-45. Spouse of mortgagor included among those having right to redeem real property. Any married person has the right to redeem real property conveyed by his or her spouse’s mortgages, deeds of trust and like security instruments and upon such redemption, to have an assignment of the security instrument and the uncancelled obligation secured thereby. […]