There is a newer version of the North Carolina General Statutes
2015 North Carolina General Statutes
Chapter 58 - Insurance.
Article 3 - General Regulations for Insurance.
§ 58-3-135 - Certain insurance activities by lenders with customers prohibited.
NC Gen Stat § 58-3-135 (2015) What's This?
58-3-135. Certain insurance activities by lenders with customers prohibited.
No lender shall require the purchase of insurance from such lender or subsidiary or affiliate of such lender as a condition to the making, renewing or refinancing of any loan or to the establishing of any of the terms or conditions of such loan. Lenders shall not include organizations of the Farm Credit System. (1985, c. 679, s. 1.)
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