Laws of North Carolina (Last Updated: May 12, 2015)

§45A-7. Penalty

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Any party violating this Chapter is liable to any other party suffering a loss due to that violation for that other party's actual damages plus reasonable attorneys' fees. In addition, any party violating this Chapter shall pay to the party or parties suffering a loss an amount equal to one thousand dollars ($1,000) or double the amount of interest payable on any loan for the first 60 days after the loan closing, whichever amount is greater.

(1995 (Reg. Sess., 1996), c. 714, s. 1.)

                    
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