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North Carolina General Statutes Chapter 45A. Good Funds Settlement Act § 45A-7. Penalty

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

Any party violating this Chapter is liable to any other party suffering a loss due to that violation for that other party's actual damages plus reasonable attorneys' fees. In addition, any party violating this Chapter shall pay to the party or parties suffering a loss an amount equal to one thousand dollars ($1,000) or double the amount of interest payable on any loan for the first 60 days after the loan closing, whichever amount is greater.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 45A. Good Funds Settlement Act § 45A-7. Penalty - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-45a-good-funds-settlement-act/nc-gen-st-sect-45a-7/

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