PUBLISHED

N.C.G.S. § 24-12

Applicability of Article.

Effective date: 2026-08-08
Last verified: 2026-08-09
Source: official source
Revision history: view all versions

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 a first security instrument on real property; and (2) The principal amount of the loan does not exceed twenty-five thousand dollars ($25,000); (3) The loan is repayable in no less than six nor more than 181 successive monthly payments, which payments shall be substantially equal in amount. (1971, c. 1229, s. 2; 1979, 2nd Sess., c. 1157, ss. 2, 3.)