Interest Rate Chart

To help our members better understand the interest rate and fee provisions of Chapter 24 of the North Carolina General Statutes, the NCBA has developed a chart that attempts to organize these provisions (Legal Memo Vol. 45, No. 3). Please note that the chart does not reflect changes to origination and late fees for unsecured and personal property secured loans of less than $300,000. The origination and late fees for that category of loans changed with the passage of S 162 / Session Law 2019-10, which became effective on April 1, 2019. 

The interest rate chart replaces Legal Memoranda: