11 NCAC 12 .0708 AMOUNT/CRedit LIFE INSurance/TRANSactions OF GREATER THAN 120 MONTHS DURATION
For transactions of greater than 120 months in duration, the initial amount of credit life insurance shall not exceed the amount of contractural indebtedness.
History Note: Authority G.S. 58-2-40; 58-57-15;
Eff. May 1, 1989;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 1, 2018.