§ 54B-211. Renewal of liquidity fund. - North Carolina Statutes

§54B‑211.  Renewal of liquidity fund.

If the liquidity fund fallsbelow the amount required by the Commission, the association shall make no newreal property loans until the required level has been attained. Therefinancing, recasting or renewal of loans previously made and loans made as aresult of foreclosure sales under instruments held by the association shall notbe considered as new loans, within the meaning of this section. (1981,c. 282, s. 3.)