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BankersOnline.com Forums State-Specific Compliance Issues North Carolina Can Extension Fee be added to the loan?
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#1735264 - 08/27/12 01:39 PM Can Extension Fee be added to the loan?
Rdy2Retire Offline
100 Club
Joined: Dec 2004
Posts: 117
GA Mountains
Is there any NC state law that prohibits adding a fee to the note for extending a monthly payment? Our offices have routinely asked the borrower to pay it in cash and just trying to figure out if a state law prohibits us from adding it to the note. Thank you!

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#1735964 - 08/28/12 07:51 PM Re: Can Extension Fee be added to the loan? Rdy2Retire
elcinoca Offline
Platinum Poster
Joined: Jan 2002
Posts: 537
Elizabeth City, NC
Not that I am aware of.

MarkB

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#1735968 - 08/28/12 07:59 PM Re: Can Extension Fee be added to the loan? Rdy2Retire
Rdy2Retire Offline
100 Club
Joined: Dec 2004
Posts: 117
GA Mountains
Thank you!

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