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Terms Used In North Carolina General Statutes 54-73

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

The banking laws as defined in N.C. Gen. Stat. § 53C-1-4(5), insofar as applicable and not in conflict with the provisions hereof shall apply to land mortgage associations. (1925, c. 223, s. 25; 2012-56, s. 35.)