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U.S. State Codes
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North-Carolina
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Chapter 53 - Regulation of ...
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Article 21 - Reverse Mortgages.
Article 21 - Reverse Mortgages.
§ 53-255 - Title.
§ 53-256 - Purpose.
§ 53-257 - Definitions.
§ 53-258 - Authority and procedures governing reverse mortgage loans.
§ 53-259 - Application of rules.
§ 53-260 - Interest.
§ 53-261 - Taxes, insurance, and assessments.
§ 53-262 - Renegotiation of loan; calculation of outstanding balance; prepayment.
§ 53-263 - Limits on borrowers' liability.
§ 53-264 - Disclosures of loan terms.
§ 53-265 - Information required of lender.
§ 53-266 - Effects of lender's default.
§ 53-267 - Repayment upon borrower's default.
§ 53-268 - Time for initiation of foreclosure.
§ 53-269 - Counseling provisions.
§ 53-270 - Prohibited acts.
§ 53-270.1 - Contracts for shared appreciation or shared value.
§ 53-271 - Commissioner's authority to enforce; penalties.
§ 53-272 - Appeals.