§ 24-1.4. Interest rates for savings and loan associations. - North Carolina Statutes

§24‑1.4.  Interest rates for savings and loan associations.

(a)        Notwithstanding anyother provision of law, a savings and loan association domiciled in NorthCarolina may charge interest or collect fees with respect to any loan to thesame extent as if the provisions of section 501 of Public Laws 96‑221, asinterpreted by the Federal Home Loan Bank Board prior to the effective date ofthis section, were still in effect in North Carolina.

(b)        Notwithstanding anyother provision of law, any savings and loan association in North Carolina maycontract for interest on any loan, purchase money loan, advance, commitment fora loan or forbearance at any rate permitted by federal law to a savings andloan association the accounts of which are insured by the Federal Savings andLoan Insurance Corporation. (1981, c. 282, s. 3; 1983, c.126, s. 6.)