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North Carolina General Statutes Chapter 24. Interest § 24-2.4. Prepayment of a loan if there are no prepayment terms or if the prepayment terms are not in accordance with law

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

A borrower may prepay a loan in whole or in part without penalty where the loan instrument does not explicitly state the borrower's rights with respect to prepayment or where the provisions for prepayment are not in accordance with law.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 24. Interest § 24-2.4. Prepayment of a loan if there are no prepayment terms or if the prepayment terms are not in accordance with law - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-24-interest/nc-gen-st-sect-24-2-4/

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