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

§54C-129. Nonconforming loans and investments

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Unless otherwise provided, every loan or other investment made in violation of this Chapter is due and payable according to its terms and the obligation thereof is not impaired; provided, that the violation consists only of the lending of an excessive sum on authorized security or of investing in an unauthorized investment.

(1991, c. 680, s. 1.)

                    
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