{"data":{"id":"us-nc/n.c.-gen.-stat.-45a-7","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 45A-7","heading":"Penalty.","body":"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. (1995 (Reg. Sess., 1996), c. 714, s. 1.)","path":["Chapter 45A. Good Funds Settlement Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_45A/GS_45A-7.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:03:02Z","sha256":"55c3bbe7ec5b9cc9298d6389f9f2745a902351c273f35786698dd37c5836353d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-45a-6","next":"us-nc/n.c.-gen.-stat.-45a-8"},"notice":"GroundRules: Original legal text. Not legal advice."}