North Carolina § 54B-150 - Manner of making loans.

Full text of North Carolina North Carolina General Statutes § 54B-150 — Manner of making loans., with citation guidance and answers to common questions.

§ 54B-150. Manner of making loans.

The board of directors shall establish procedures by which loans are to be considered, approved, and made by the association. All actions on loan applications to the association shall be reported to the board of directors at its next meeting. History (1981, c. 282, s. 3; 1983, c. 144, s. 18.) Cross References. - As to parity of interest rates for savings and loan associations, see G.S. 24-1.4.

Source: official North Carolina text · Last verified 2026-08-27

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Frequently Asked Questions About North Carolina § 54B-150

What does North Carolina General Statutes § 54B-150 cover?

Section 54B-150 ("Manner of making loans.") 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 § 54B-150?

A common citation format is "North Carolina General Statutes § 54B-150" (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 § 54B-150 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.