There is a newer version of the North Carolina General Statutes
2013 North Carolina General Statutes
Chapter 53 - Regulation of Financial Services.
Article 21 - Reverse Mortgages.
- Section 53-255 - Title.
- Section 53-256 - Purpose.
- Section 53-257 - Definitions.
- Section 53-258 - Authority and procedures governing reverse mortgage loans.
- Section 53-259 - Application of rules.
- Section 53-260 - Interest.
- Section 53-261 - Taxes, insurance, and assessments.
- Section 53-262 - Renegotiation of loan; calculation of outstanding balance; prepayment.
- Section 53-263 - Limits on borrowers' liability.
- Section 53-264 - Disclosures of loan terms.
- Section 53-265 - Information required of lender.
- Section 53-266 - Effects of lender's default.
- Section 53-267 - Repayment upon borrower's default.
- Section 53-268 - Time for initiation of foreclosure.
- Section 53-269 - Counseling provisions.
- Section 53-270 - Prohibited acts.
- Section 53-270.1 - 1. Contracts for shared appreciation or shared value.
- Section 53-271 - Commissioner's authority to enforce; penalties.
- Section 53-272 - Appeals.
- Section 53-273 - . Reserved for future codification purposes.
- Section 53-274 - . Reserved for future codification purposes.
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