75-120. Definitions. The following definitions shall apply in this Article: (1) Repealed by Session Laws 2015-178, s. 5(a), effective October 1, 2015, and applicable to transactions entered into on or after that date. (2) Exempt transaction. – A foreclosure rescue transaction in which the transferee is any of the following: a. A member of the […]
75-121. Foreclosure rescue transactions prohibited; exceptions; violation. (a) It is unlawful for a person or entity other than the transferor to engage in, promise to engage in, arrange, offer, promote, solicit, assist with, or carry out a foreclosure rescue transaction for financial gain or with the expectation of financial gain, unless prior to or at […]
75-122. Remedies. A violation of G.S. 75-121 is an unfair trade practice under G.S. 75-1.1. A homeowner may bring an action for the recovery of damages, to void a prohibited foreclosure rescue transaction, as well as for declaratory or equitable relief for a violation of this Article. The provisions of this section shall not be […]
