North Carolina Statutes

§ 66-111 — Remedies

North Carolina § 66-111
JurisdictionNorth Carolina
Ch. 66Commerce and Business
Art. 20Loan Brokers

This text of North Carolina § 66-111 (Remedies) 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. § 66-111 (2026).

Text

(a)If a loan broker uses any untrue or misleading statements in connection with a loan brokerage contract, fails to fully comply with the requirements of this Article, fails to comply with the terms of the contract or any obligation arising therefrom, or fails to make diligent effort to grant a loan to or procure a loan on behalf of the prospective borrower, then, upon written notice to the broker, the prospective borrower may void the contract, and shall be entitled to receive from the broker all sums paid to the broker, and recover any additional damages including attorney's fees.
(b)Upon complaint of any person that a loan broker has violated the provisions of this Article, the superior court shall have jurisdiction to enjoin that defendant from further such violations.
(c)The remedi

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Bluebook (online)
North Carolina § 66-111, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/66-111.