North Carolina General Statutes
Chapter 53 - Regulation of Financial Services
Article 21 - Reverse Mortgages.

§ 53-255 - Title. - 53-255. Title. This Article shall be known and may be...

§ 53-256 - Purpose. - 53-256. Purpose. It is the intent of the General Assembly...

§ 53-257 - Definitions. - 53-257. Definitions. The following definitions apply in this Article: (1)...

§ 53-258 - Authority and procedures governing reverse mortgage loans. - 53-258. Authority and procedures governing reverse mortgage loans. (a) Except...

§ 53-259 - Application of rules. - 53-259. Application of rules. In addition to the provisions of...

§ 53-260 - Interest. - 53-260. Interest. Notwithstanding any other provisions of law to the...

§ 53-261 - Taxes, insurance, and assessments. - 53-261. Taxes, insurance, and assessments. A reverse mortgage loan contract...

§ 53-262 - Renegotiation of loan; calculation of outstanding balance; prepayment. - 53-262. Renegotiation of loan; calculation of outstanding balance; prepayment. (a)...

§ 53-263 - Limits on borrowers' liability. - 53-263. Limits on borrowers' liability. (a) When a reverse mortgage...

§ 53-264 - Disclosures of loan terms. - 53-264. Disclosures of loan terms. (a) On forms prescribed by...

§ 53-265 - Information required of lender. - 53-265. Information required of lender. (a) At the closing of...

§ 53-266 - Effects of lender's default. - 53-266. Effects of lender's default. (a) A lender's failure to...

§ 53-267 - Repayment upon borrower's default. - 53-267. Repayment upon borrower's default. A reverse mortgage loan contract...

§ 53-268 - Time for initiation of foreclosure. - 53-268. Time for initiation of foreclosure. When a borrower's obligation...

§ 53-269 - Counseling provisions. - 53-269. Counseling provisions. (a) The North Carolina Housing Finance Agency...

§ 53-270 - Prohibited acts. - 53-270. Prohibited acts. Reverse mortgage lenders are prohibited from engaging...

§ 53-270.1 - Contracts for shared appreciation or shared value. - 53-270.1. Contracts for shared appreciation or shared value. (a) A...

§ 53-271 - Commissioner's authority to enforce; penalties. - 53-271. Commissioner's authority to enforce; penalties. (a) The Commissioner shall...

§ 53-272 - Appeals. - 53-272. Appeals. The Banking Commission may review any rule, regulation,...