The aggregate of the amount or value actually received at the time of the loan, plus the charges allowed by G.S. 24-14(b) (c) and (f); plus the sum of all existing indebtedness of the borrower paid on his behalf by the lender, shall be deemed the principal amount of the loan. (1971, c. 1229, s. 2; 1979, 2nd Sess., c. 1157, s. 4; 1985, c. 154, s. 3.)
Sections: Previous 24-9 24-9.1 24-9.3 24-10 24-10.1 24-10.2 24-11 24-11.1 24-11.2 24-12 24-13 24-14 24-16 24-16.1 24-17 Next
Last modified: March 23, 2014