Banking Rule Chapter 53C
Explanation for Proposed Rule:
The N.C. Office of the Commissioner of Banks (NCCOB), the Banking Commission, and stakeholders have reviewed 04 NCAC 03C .1001 Loan Documentation and have determined the rule needs to be amended to reflect current business practices, modernize language, align with federal regulations for national banks, and reduce regulatory burden.
Analysis of Loan Documentation Rule
Notice of Text
A public hearing was held for this rule on Wednesday, January 3, 2018 at the Office of the Commissioner of Banks.
Public comments regarding this rule will be accepted until the end of business on Tuesday, February 13, 2018. Please send comments to the Rules Coordinator via email, fax, or email:
All public comments will be posted below: