This is not legal advice for your situation*

DocMagic Adds North Carolina Rate Spread Home Loan Audit

North Carolina has created a new category of predatory loan, the so-called "rate spread home loan."  The new law is contained in North Carolina G.S. Section 24-1.1F (a copy of the bill enacting this new section is available here).  Click here for a description of the new law along with a description of the audit DocMagic is implementing to identify such loans.
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*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


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