State News: North Carolina
Interested in predatory lending issues in North Carolina? Join the North Carolina Coalition for Responsible Lending
A Snapshot of Subprime Lending in North Carolina 
Learn about the spillover effect of foreclosure on North Carolina home values and tax bases.
"Defaulting on the Dream: States Respond to America’s Foreclosure Crisis", a report from the Pew Center on the States and Pew’s Health and Human Services program, is the first-ever comprehensive look at what the 50 states and the District of Columbia are doing to try to address the subprime mortgage fallout. Read the North Carolina fact sheet.
The Demise of Payday Lending in North Carolina
March 1, 2006
Legislation
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An act to protect consumers regarding covered loans and to increase the commissioner's disciplinary authority over licensees under the mortgage lending act.
Bill number: HB 1817
Proposed: 04/18/07
Enacted: 01/01/08
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An act to overturn the Shepard case and amend the limitation regarding actions to recover for usury; to overturn the Skinner case and amend the long arm statute to allow North Carolina courts to exercise personal jurisdiction over certain nonresident defendants; to require that a notice of foreclosure contain certain information; and to provide for mortgage debt collection and servicing.
Law number: 2007-351
Proposed: 04/09/07
Enacted: 08/16/07
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An Act to Expand the Usury Exemption
Law number: Session Law 2003-401
Enacted: 10/01/03
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NC Mortgage Broker Licensing Law (Enact Mortgage Lending Act)
Law number: Session Law 2001-393
Proposed: 04/04/01
Enacted: 07/01/02
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NC Prohibit Predatory Lending Act
Law number: Session Law 1999-332
Proposed: 04/15/99
Enacted: 10/01/99
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