§ 24-9. 3. Economic development loans.
Certain borrower fees paid into nonprofit loss reserve accounts for State-funded economic development loan programs are not treated as interest and cannot be used in usury claims or defenses.
- Jurisdiction
- United States — North Carolina
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
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loan fees loss reserve accounts nonprofit programs
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§ 24-9. 3. Economic development loans.
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