§ 24-2.3. State opt-out from federal preemption.
§24‑2.3. State opt‑out from federal preemption.
(a) The provisions ofsection 501, of United States Public Law 96‑221, as well as anymodifications made to date, shall not apply to loans, mortgages, credit salesand advances made in this State.
(b) Effective July 1,1995, sections 521‑524 of United States Public Law 96‑221, shallapply to loans, mortgages, credit sales, and advances made in this State on orafter that date as if North Carolina had never opted out of sections 521‑524of United States Public Law 96‑221. (1983, c. 126, s. 1; 1995, c.387, s. 1.)