NORTH CAROLINA GENERAL ASSEMBLY

1973 SESSION

 

 

CHAPTER 1150

HOUSE BILL 1808

 

 

AN ACT AMENDING G.S. 24-14 RELATING TO LOANS SECURED BY SECONDARY OR JUNIOR MORTGAGES.

 

The General Assembly of North Carolina enacts:

 

Section 1. G.S. 24-14(a)(2) is amended by deleting from the second line thereof the words ", or three hundred dollars ($300.00), whichever is less", and inserting in lieu thereof the words "or five hundred dollars ($500.00), whichever is less."

Sec. 2.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 4th day of April, 1974.