reglab/housing_qa huggingface dataset:
NC Gen Stat § 24-14 (2021)
2021 North Carolina General Statutes|Chapter 24 - Interest|Article 2 - Loans Secured by Secondary or Junior Mortgages.|§ 24-14 - Limitations on charges and interest.

 24-14. Limitations on charges and interest.(a) No person, copartnership, association, trust, corporation or other legal entity making loans under this Article may charge, take or receive, directly or indirectly, simple interest in excess of one and one-half percent (1 %) per month or an annual rate equivalent to the Federal Discount Rate plus five percent (5%), whichever is the greater, computed on the actual or average daily unpaid balance of the principal amount of the loan for the time actually outstanding. However, interest may not be compounded.(b) In addition to the interest permitted in subsection (a), the lender may include in the loan his actual expenses which are paid to third parties in connection with the loan. Such expenses shall be limited to those for: title examination, title insurance, appraisals, surveys, and recording fees or releasing fees to trustees or public officials, and only such insurance charges as permitted in subsection (c).(c) Evidence of hazard insurance may be required by the lender of the borrower. Credit life, credit accident and health, and credit unemployment insurance, or any of them, may be offered but not required; provided (i) that the borrower has indicated a desire to purchase such insurance by signing a statement to that effect, (ii) that the borrower is advised that he may acquire this insurance from any insurance carrier, (iii) that the borrower is aware that this insurance may be rescinded within 30 days after receipt of the policy or certificate, and (iv) that the borrower directs the lender to purchase the above insurance from the proceeds of his loan.The rates for the herein described insurance shall not exceed the standard rates approved by the Commissioner of Insurance for such insurance. Proof of all insurance issued in connection with loans subject to this Article shall be furnished to the borrower within 10 days from the date of application therefor by said borrower.(d) No application fee or other charge shall be allowed in the event the loan is not consummated.(e) The borrower shall further have the right to anticipate payment of his debt in whole or in part at any time, without payment of interest penalty, or any other fee or charge for such prepayment.(f) In addition to the interest permitted by subsection (a), the lender may include in the principal balance fees or discounts not exceeding two percent (2%) of the principal amount of the loan less the amount of any existing loan by that lender to be refinanced, modified or extended. The fees and discounts are fully earned when the loan is made and are not a prepayment penalty.  (1971, c. 1229, s. 2; 1973, c. 1150; 1977, c. 698, ss. 1, 2; 1979, 2nd Sess., c. 1157, ss. 5, 6; 1981, c. 464, s. 4; 1985, c. 154, s. 4; 1993, c. 226, s. 13.)
NC Gen Stat § 24-16 (2021)
2021 North Carolina General Statutes|Chapter 24 - Interest|Article 2 - Loans Secured by Secondary or Junior Mortgages.|§ 24-16 - Itemized closing statements.

 24-16. Itemized closing statements.Any person, copartnership, association, trust, corporation, or any other legal entity making on its own behalf, or as agent, broker or in other representative capacity on behalf of any other person, copartnership, association, trust, corporation or any other legal entity, a loan or real property financing transaction within the regulatory authority of this Article, at the time of the closing shall furnish the debtor or borrower or grantor in the mortgage, deed of trust or any other security instrument, in addition to the disclosures required by federal law known as "Truth in Lending," a complete and itemized closing statement which shall show all disbursements of the loan proceeds and which shall total the principal amount of the loan or security transaction, and the said closing statement shall be signed by the lending agency or a representative of the lending agency, or a responsible officer in its behalf and a completed and signed additional copy retained in the files of the lending agency involved and available at all reasonable times to the borrower, the borrower's successor in interest to the security real property, or the authorized agent of the borrower or the borrower's successor, until such time as the security instrument shall be satisfied in full. Such closing statement shall contain the following language printed in a conspicuous manner:"This loan is one regulated by the provisions of Chapter 24, Article 2 of the General Statutes of North Carolina entitled 'Loans Secured by Secondary or Junior Mortgages'." (1971, c. 1229, s. 2.)
NC Gen Stat § 24-16.1 (2021)
2021 North Carolina General Statutes|Chapter 24 - Interest|Article 2 - Loans Secured by Secondary or Junior Mortgages.|§ 24-16.1 - Loans exempt from §§ 24-12 to 24-17.

 24-16.1. Loans exempt from 24-12 to 24-17.G.S. 24-12 to 24-17 shall not apply to loans made by banks, insurance companies, or their duly designated agents compensated directly by the lender, duly licensed credit unions, production credit associations authorized by the Farm Credit Act of 1933, or savings and loan associations authorized to do business in this State, or to loans made by any other lender licensed by, and under the supervision of, the Commissioner of Banks and the State Banking Commission, under the provisions of Chapter 53 of the General Statutes, or the Commissioner of Insurance, under the provisions of Chapter 58 of the General Statutes. Provided, any lender approved as a mortgagee by the Federal Housing Administration shall be entitled to make loans under this Article.G.S. 24-12 to 24-17 shall not apply to a loan made under Article 1 of this Chapter. (1971, c. 1229, s. 2; 1983, c. 126, s. 9; 1985, c. 154, s. 5.)
NC Gen Stat § 24-17 (2021)
2021 North Carolina General Statutes|Chapter 24 - Interest|Article 2 - Loans Secured by Secondary or Junior Mortgages.|§ 24-17 - Misdemeanors.

 24-17. Misdemeanors.A wilful or knowing violation of G.S. 24-12 through G.S. 24-16 is hereby made a Class 1 misdemeanor. (1971, c. 1229, s. 2; 1993, c. 539, s. 400; 1994, Ex. Sess., c. 24, s. 14(c).)
NC Gen Stat § 25-1-101 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-101 - Short titles.

 25-1-101. Short titles.(a) This Chapter may be cited as the Uniform Commercial Code.(b) This Article may be cited as Uniform Commercial Code - General Provisions. (1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-102 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-102 - Scope of Article.

 25-1-102. Scope of Article.Except as provided in G.S. 25-1-301, this Article applies to a transaction to the extent that it is governed by another Article of this Chapter. (2006-112, s. 1.)
NC Gen Stat § 25-1-103 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-103 - Construction of this Chapter to promote its purposes and policies; applicability of supplemental principles of law.

 25-1-103. Construction of this Chapter to promote its purposes and policies; applicability of supplemental principles of law.(a) This Chapter shall be liberally construed and applied to promote its underlying purposes and policies, which are:(1) To simplify, clarify, and modernize the law governing commercial transactions;(2) To permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and(3) To make uniform the law among the various jurisdictions.(b) Unless displaced by the particular provisions of this Chapter, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions. (1917, c. 37, s. 56; C.S., s. 4039; 1941, c. 353, s. 18; G.S., s. 55-98; 1955, c. 1371, s. 2; 1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-104 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-104 - Construction against implied repeal.

 25-1-104. Construction against implied repeal.This Chapter being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided. (1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-105 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-105 - Severability.

 25-1-105. Severability.If any provision or clause of this Chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this Chapter that can be given effect without the invalid provision or application, and to this end the provisions of this Chapter are severable. (1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-106 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-106 - Use of singular and plural; gender.

 25-1-106. Use of singular and plural; gender.In this Chapter, unless the statutory context otherwise requires:(1) Words in the singular number include the plural, and those in the plural include the singular; and(2) Words of any gender also refer to any other gender. (1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-107 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-107 - Section captions.

 25-1-107. Section captions.Section captions are part of this Chapter. The subsection headings in Article 9 of this Chapter are not parts of this Chapter. (1965, c. 700, s. 1; 2000-169, s. 4; 2006-112, s. 1.)
NC Gen Stat § 25-1-108 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-108 - Relation to Electronic Signatures in Global and National Commerce Act.

 25-1-108. Relation to Electronic Signatures in Global and National Commerce Act.This Article modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. 7001, et seq., except that nothing in this Article modifies, limits, or supersedes Section 7001(c) of that Act or authorizes electronic delivery of any of the notices described in Section 7003(b) of that Act. (2006-112, s. 1.)
NC Gen Stat § 25-1-202 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-202 - Notice; knowledge.

 25-1-202. Notice; knowledge.(a) Subject to subsection (f) of this section, a person has "notice" of a fact if the person:(1) Has actual knowledge of it;(2) Has received a notice or notification of it; or(3) From all the facts and circumstances known to the person at the time in question, has reason to know that it exists.(b) "Knowledge" means actual knowledge. "Knows" has a corresponding meaning.(c) "Discover," "learn," or words of similar import refer to knowledge rather than to reason to know.(d) A person "notifies" or "gives" a notice or notification to another person by taking such steps as may be reasonably required to inform the other person in ordinary course, whether or not the other person actually comes to know of it.(e) Subject to subsection (f) of this section, a person "receives" a notice or notification when:(1) It comes to that person's attention; or(2) It is duly delivered in a form reasonable under the circumstances at the place of business through which the contract was made or at another location held out by that person as the place for receipt of such communications.(f) Notice, knowledge, or a notice or notification received by an organization is effective for a particular transaction from the time it is brought to the attention of the individual conducting that transaction and, in any event, from the time it would have been brought to the individual's attention if the organization had exercised due diligence. An organization exercises due diligence if it maintains reasonable routines for communicating significant information to the person conducting the transaction and there is reasonable compliance with the routines. Due diligence does not require an individual acting for the organization to communicate information unless the communication is part of the individual's regular duties or the individual has reason to know of the transaction and that the transaction would be materially affected by the information. (1899, c. 733, ss. 25, 56, 191; Rev., ss. 2173, 2205, 2340, 3032; 1917, c. 37, ss. 4, 5, 58; 1919, c. 65, ss. 1, 10, 32, 42; c. 290; C.S., ss. 280, 283, 292, 314, 2976, 3005, 3037, 4037, 4044, 4046; 1941, c. 353, s. 22; G.S., s. 55-102; 1955, c. 1371, s. 2; 1961, c. 574; 1965, c. 700, s. 1; 1967, c. 562, s. 1; 1975, c. 862, ss. 2, 3; 1989 (Reg. Sess., 1990), c. 1024, s. 8(a)-(c); 1993, c. 463, s. 2; 1995, c. 232, s. 3; 2000-169, ss. 5-7; 2006-112, s. 1.)
NC Gen Stat § 25-1-204 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-204 - Value.

 25-1-204. Value.Except as otherwise provided in Articles 3, 4, and 5 of this Chapter, a person gives value for rights if the person acquires them:(1) In return for a binding commitment to extend credit or for the extension of immediately available credit, whether or not drawn upon and whether or not a charge-back is provided for in the event of difficulties in collection;(2) As security for, or in total or partial satisfaction of, a preexisting claim;(3) By accepting delivery under a preexisting contract for purchase; or(4) In return for any consideration sufficient to support a simple contract. (1899, c. 733, ss. 25, 56, 191; Rev., ss. 2173, 2205, 2340, 3032; 1917, c. 37, ss. 4, 5, 58; 1919, c. 65, ss. 1, 10, 32, 42; c. 290; C.S., ss. 280, 283, 292, 314, 2976, 3005, 3037, 4037, 4044, 4046; 1941, c. 353, s. 22; G.S., s. 55-102; 1955, c. 1371, s. 2; 1961, c. 574; 1965, c. 700, s. 1; 1967, c. 562, s. 1; 1975, c. 862, ss. 2, 3; 1989 (Reg. Sess., 1990), c. 1024, s. 8(a)-(c); 1993, c. 463, s. 2; 1995, c. 232, s. 3; 2000-169, ss. 5-7; 2006-112, s. 1.)
NC Gen Stat § 25-1-205 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-205 - Reasonable time; seasonableness.

 25-1-205. Reasonable time; seasonableness.(a) Whether a time for taking an action required by this Chapter is reasonable depends on the nature, purpose, and circumstances of the action.(b) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time. (1899, c. 733, s. 193; Rev., s. 2343; C.S., s. 2978; 1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-206 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-206 - Presumptions.

 25-1-206. Presumptions.Whenever this Chapter creates a "presumption" with respect to a fact, or provides that a fact is "presumed," the trier of fact must find the existence of the fact unless and until evidence is introduced that supports a finding of its nonexistence. (1899, c. 733, ss. 25, 56, 191; Rev., ss. 2173, 2205, 2340, 3032; 1917, c. 37, ss. 4, 5, 58; 1919, c. 65, ss. 1, 10, 32, 42; c. 290; C.S., ss. 280, 283, 292, 314, 2976, 3005, 3037, 4037, 4044, 4046; 1941, c. 353, s. 22; G.S., s. 55-102; 1955, c. 1371, s. 2; 1961, c. 574; 1965, c. 700, s. 1; 1967, c. 562, s. 1; 1975, c. 862, ss. 2, 3; 1989 (Reg. Sess., 1990), c. 1024, s. 8(a)-(c); 1993, c. 463, s. 2; 1995, c. 232, s. 3; 2000-169, ss. 5-7; 2006-112, s. 1.)
NC Gen Stat § 25-1-301 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-301 - Territorial applicability; parties' power to choose applicable law.

 25-1-301. Territorial applicability; parties' power to choose applicable law.(a) Except as otherwise provided in this section, when a transaction bears a reasonable relation to this State and also to another state or nation the parties may agree that the law either of this State or of the other state or nation shall govern their rights and duties. Except as otherwise provided in subsection (c) of this section, the parties to a business contract as defined in G.S. 1G-2(1) may agree in the business contract that North Carolina law shall govern their rights and duties in whole or in part, pursuant to G.S. 1G-3.(b) In the absence of an agreement effective under subsection (a) of this section, and except as provided in subsection (c) of this section, this Chapter applies to transactions bearing an appropriate relation to this State.(c) If one of the following provisions of this Chapter specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the specified law:(1) G.S. 25-2-402;(2) G.S. 25-2A-105 and G.S. 25-2A-106;(3) G.S. 25-4-102;(4) G.S. 25-4A-507;(5) G.S. 25-5-116;(6) G.S. 25-8-110;(7) G.S. 25-9-301 through G.S. 25-9-307.  (1965, c. 700, s. 1; 1975, c. 862, s. 1; 1993, c. 157, s. 2; 1997-181, s. 17; 1999-73, s. 2; 2000-169, s. 3; 2004-190, s. 2; 2006-112, s. 1; 2017-123, s. 2.)
NC Gen Stat § 25-1-302 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-302 - Variation by agreement.

 25-1-302. Variation by agreement.(a) Except as otherwise provided in subsection (b) of this section or elsewhere in this Chapter, the effect of provisions of this Chapter may be varied by agreement.(b) The obligations of good faith, diligence, reasonableness, and care prescribed by this Chapter may not be disclaimed by agreement. The parties, by agreement, may determine the standards by which the performance of those obligations is to be measured if those standards are not manifestly unreasonable. Whenever this Chapter requires an action to be taken within a reasonable time, a time that is not manifestly unreasonable may be fixed by agreement.(c) The presence in certain provisions of this Chapter of the phrase "unless otherwise agreed," or words of similar import, does not imply that the effect of other provisions may not be varied by agreement under this section. (1899, c. 733, s. 193; Rev., s. 2343; C.S., s. 2978; 1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-303 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-303 - Course of performance, course of dealing, and usage of trade.

 25-1-303. Course of performance, course of dealing, and usage of trade.(a) A "course of performance" is a sequence of conduct between the parties to a particular transaction that exists if:(1) The agreement of the parties with respect to the transaction involves repeated occasions for performance by a party; and(2) The other party, with knowledge of the nature of the performance and opportunity for objection to it, accepts the performance or acquiesces in it without objection.(b) A "course of dealing" is a sequence of conduct concerning previous transactions between the parties to a particular transaction that is fairly to be regarded as establishing a common basis of understanding for interpreting their expressions and other conduct.(c) A "usage of trade" is any practice or method of dealing having such regularity of observance in a place, vocation, or trade as to justify an expectation that it will be observed with respect to the transaction in question. The existence and scope of such a usage must be proved as facts. If it is established that such a usage is embodied in a trade code or similar record, the interpretation of the record is a question of law.(d) A course of performance or course of dealing between the parties or usage of trade in the vocation or trade in which they are engaged or of which they are or should be aware is relevant in ascertaining the meaning of the parties' agreement, may give particular meaning to specific terms of the agreement, and may supplement or qualify the terms of the agreement. A usage of trade applicable in the place in which part of the performance under the agreement is to occur may be so utilized as to that part of the performance.(e) Except as otherwise provided in subsection (f) of this section, the express terms of an agreement and any applicable course of performance, course of dealing, or usage of trade must be construed whenever reasonable as consistent with each other. If such a construction is unreasonable:(1) Express terms prevail over course of performance, course of dealing, and usage of trade;(2) Course of performance prevails over course of dealing and usage of trade; and(3) Course of dealing prevails over usage of trade.(f) Subject to G.S. 25-2-209, a course of performance is relevant to show a waiver or modification of any term inconsistent with the course of performance.(g) Evidence of a relevant usage of trade offered by one party is not admissible unless that party has given the other party notice that the court finds sufficient to prevent unfair surprise to the other party. (1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-304 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-304 - Obligation of good faith.

 25-1-304. Obligation of good faith.Every contract or duty within this Chapter imposes an obligation of good faith in its performance and enforcement. (1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-305 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-305 - Remedies to be liberally administered.

 25-1-305. Remedies to be liberally administered.(a) The remedies provided by this Chapter shall be liberally administered to the end that the aggrieved party may be put in as good a position as if the other party had fully performed, but neither consequential or special damages nor penal damages may be had except as specifically provided in this Chapter or by other rule of law.(b) Any right or obligation declared by this Chapter is enforceable by action unless the provision declaring it specifies a different and limited effect. (1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-306 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-306 - Waiver or renunciation of claim or right after breach.

 25-1-306. Waiver or renunciation of claim or right after breach.A claim or right arising out of an alleged breach may be discharged in whole or in part without consideration by agreement of the aggrieved party in an authenticated record. (1965, c. 700, s. 1; 2006-112, s. 1.)
NC Gen Stat § 25-1-307 (2021)
2021 North Carolina General Statutes|Chapter 25 - Uniform Commercial Code|Article 1 - General Provisions.|§ 25-1-307 - Prima facie evidence by third-party documents.

 25-1-307. Prima facie evidence by third-party documents.A document in due form purporting to be a bill of lading, policy or certificate of insurance, official weigher's or inspector's certificate, consular invoice, or any other document authorized or required by the contract to be issued by a third party is prima facie evidence of its own authenticity and genuineness and of the facts stated in the document by the third party. (1965, c. 700, s. 1; 2006-112, s. 1.)