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North Carolina General Statutes Chapter 24. Interest § 24-13. Principal amount defined

Current as of January 01, 2023 | Updated by Findlaw Staff

The aggregate of the amount or value actually received at the time of the loan, plus the charges allowed by G.S. 24-14(b)(c) and (f); plus the sum of all existing indebtedness of the borrower paid on his behalf by the lender, shall be deemed the principal amount of the loan.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 24. Interest § 24-13. Principal amount defined - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-24-interest/nc-gen-st-sect-24-13/

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