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#2125218 - 04/05/17 05:07 PM Initial construction loans
NeedHelp1 Offline
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Registered: 04/22/15
Posts: 1
Is there an exclusion in the NC high cost loan requirement for an initial construction loan?

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#2125233 - 04/05/17 06:14 PM Re: Initial construction loans [Re: NeedHelp1]
Docs Offline
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Registered: 05/13/16
Posts: 235
The NC high cost loan provisions can be found in the NC General Statutes at section 24-1.1E. The link below should take you there.

http://www.ncleg.net/EnactedLegislation/Statutes/PDF/BySection/Chapter_24/GS_24-1.1E.pdf

I do not see any exception or exemption in that law for construction loans.
_________________________
Just my opinion, I could be wrong. - Dennis Miller

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