{"data":{"id":"us-nc/n.c.-gen.-stat.-24-12","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 24-12","heading":"Applicability of Article.","body":"This Article shall apply only to loans of money:\n(1)\tSecured in whole or in part by a security instrument on real property, other than a first security instrument on real property; and\n(2)\tThe principal amount of the loan does not exceed twenty-five thousand dollars ($25,000);\n(3)\tThe loan is repayable in no less than six nor more than 181 successive monthly payments, which payments shall be substantially equal in amount. (1971, c. 1229, s. 2; 1979, 2nd Sess., c. 1157, ss. 2, 3.)","path":["Chapter 24. Interest.","Article 2. Loans Secured by Secondary or Junior Mortgages."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_24/GS_24-12.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:42Z","sha256":"c04bd0aee2ecc1f2d9705bdf3bf5f39802075befd83bd4b48d5974dc44916131","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-24-11.2","next":"us-nc/n.c.-gen.-stat.-24-13"},"notice":"GroundRules: Original legal text. Not legal advice."}