North Carolina Statutes

Chapter 24 Interest

Article 1 - General Provisions.

Article 2 - Loans Secured by Secondary or Junior Mortgages.

  • § 24-12   Applicability of Article
    This Article shall apply only to loans of money: (1) Secured in whole or in part by a security instrument on real property, other than...
  • § 24-13   Principal amount defined
    The aggregate of the amount or value actually received at the time of the loan, plus the charges allowed by G.S. 24‑14(b) (c) and (f);...
  • § 24-14   Limitations on charges and interest
    (a) No person, copartnership, association, trust, corporation or other legal entity making loans under this Article may charge, take or receive, directly or indirectly, simple...
  • § 24-15   Repealed by Session Laws 1979, 2nd Session, c. 1157, s. 7
  • § 24-16   Itemized closing statements
    Any person, copartnership, association, trust, corporation, or any other legal entity making on its own behalf, or as agent, broker or in other representative capacity...
  • § 24-16.1   Loans exempt from 24-12 to 24-17
    G.S. 24‑12 to 24‑17 shall not apply to loans made by banks, insurance companies, or their duly designated agents compensated directly by the lender, duly...
  • § 24-17   Misdemeanors
    A wilful or knowing violation of G.S. 24‑12 through G.S. 24‑16 is hereby made a Class 1 misdemeanor. (1971, c. 1229, s. 2; 1993, c....