S679 - North Carolina Consumer Finance Act Amendments (SL 2015-179)

Overview: S.L. 2015-179 makes the following changes to the Consumer Finance Act:

• Allows for recovery of court costs by lenders in certain actions to recover loans.
• Makes clarifying changes to provisions pertaining to multiple loan contracts and repeals a separate statute limiting loans in multiple offices that refers to loan limits that no longer exist after the Act was amended in 2013.
• Makes clarifying changes to provisions that require additional notice and restrictions for borrowers who are military service members.
• Makes a conforming change to a provision on enforcement of loans made outside of the State to match the loan amounts allowed under the Act as amended in 2013.

This act became effective September 1, 2015.