1 N.C. Admin. Code 41C.0211

Current through Register Vol. 39, No. 11, December 2, 2024

Section 41C .0211 - DEFAULT

If the borrower violates any of the terms of the loan agreement, the Financial Services Division shall place the borrower in default. Borrowers determined to be in default shall be notified by certified mail and the terms of the loan agreement and letter of credit shall be executed.

01 N.C. Admin. Code 41C .0211

Authority G.S. 143B-344.44(b)(3); 143B-344.44(b)(4);
Eff. August 1, 2004;
Readopted Eff. June 1, 2021.

Authority G.S. 143-345.18(b)(2a); 143-345.18(b)(3);
Eff. August 1, 2004.

Readopted by North Carolina Register Volume 36, Issue 01, July 1, 2021 effective 6/1/2021.