North Carolina § 45-67 - Definitions.
Full text of North Carolina North Carolina General Statutes § 45-67 — Definitions., with citation guidance and answers to common questions.
§ 45-67. Definitions.
The following definitions apply in this Article: Advance. - A disbursement of funds or other action that increases the outstanding principal balance owing on an obligation for the payment of money. Security instrument. - A mortgage, deed of trust, or other instrument relating to real property securing an obligation or obligations to a person, firm, or corporation specifically named in such instrument for the payment of money. History (1969, c. 736, s. 1; 1989, c. 496, s. 1; 2009-197, s. 1.) Editor's Note. - Session Laws 2009-197, which in s. 1, rewrote the section, in s. 5, provides: "This act applies to all security instruments, whether registered before, after, or on the effective date of this act [October 1, 2009]. Any security instrument registered before the effective date of this act shall be conclusively presumed to comply with the provisions of G.S. 45-68, as enacted by this act, if the security instrument either (i) complies with the provisions of G.S. 45-68, as enacted by this act, or (ii) complied with the provisions of G.S. 45-68 in effect prior to the effective date of this act." Effect of Amendments. - Session Laws 2009-197, s. 1, effective October 1, 2009, rewrote this section. For applicability, see Editor's note. Legal Periodicals. - For article, "Future Advances Lending in North Carolina," see 13 Wake Forest L. Rev. 297 (1977).
Frequently Asked Questions About North Carolina § 45-67
What does North Carolina General Statutes § 45-67 cover?
Section 45-67 ("Definitions.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 45-67?
A common citation format is "North Carolina General Statutes § 45-67" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 45-67 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.