§ 24‑2.3.  State opt‑out from federal preemption.

(a) The provisions of section 501, of United States Public Law 96‑221, as well as any modifications made to date, shall not apply to loans, mortgages, credit sales and advances made in this State.

(b) Effective July 1, 1995, sections 521‑524 of United States Public Law 96‑221, shall apply to loans, mortgages, credit sales, and advances made in this State on or after that date as if North Carolina had never opted out of sections 521‑524 of United States Public Law 96‑221. (1983, c. 126, s. 1; 1995, c. 387, s. 1.)