North Carolina Statutes
§ 24-9.3 — Economic development loans
North Carolina § 24-9.3
This text of North Carolina § 24-9.3 (Economic development loans) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 24-9.3 (2026).
Text
Fees or other funds paid by borrowers for contribution to loss reserve accounts administered and controlled by nonprofit corporations that are part of State-funded programs that provide loans to promote economic development shall not be considered interest under this Chapter and shall not be subject to claims or defenses of usury. (1995, c. 252, s. 1.)
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Nearby Sections
15
§ 24-1.1
Contract rates and fees§ 24-10.1
Late fees§ 24-12
Applicability of Article§ 24-13
Principal amount defined§ 24-16
Itemized closing statements§ 24-16.1
Loans exempt from §§ 24-12 to 24-17§ 24-17
MisdemeanorsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 24-9.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/24/24-9.3.