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    • Legislation USA
    • North Carolina General Statutes
    • Chapter 45A - Good Funds Settlement Act
    • § 45A-2 - Applicability.

    North Carolina General Statutes
    Chapter 45A - Good Funds Settlement Act
    § 45A-2 - Applicability.

    45A-2. Applicability.
    This Chapter applies only to real estate transactions involving a one-to four-family residential dwelling or a lot restricted to residential use. (1995 (Reg. Sess., 1996), c. 714, s. 1.)

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    Structure North Carolina General Statutes

    North Carolina General Statutes

    Chapter 45A - Good Funds Settlement Act

    § 45A-1 - Short title.

    § 45A-2 - Applicability.

    § 45A-3 - Definitions.

    § 45A-4 - Duty of settlement agent.

    § 45A-4.1 - Expired pursuant to Session Laws 2020-3, s4.12(b), as amended by Session Laws 2020-70, s2.8, effective March 1, 2021.

    § 45A-5 - Duty of lender, purchaser, or seller.

    § 45A-6 - Validity of loan documents.

    § 45A-7 - Penalty.

    § 45A-8 - Embezzlement of closing funds by settlement agent.

    § 45A-9 - Interest on settlement agent's real estate trust and escrow accounts.

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