State Codes and Statutes
Statutes > North-carolina > Chapter_130A > GS_130A-131_9F§130A‑131.9F. Discrimination in financing.
(a) No bank orfinancial institution in the business of lending money for the purchase, sale,construction, rehabilitation, improvement, or refinancing of real property ofthe lending of money secured by an interest in real property may refuse to makesuch loans merely because of the presence of lead‑based paint on theresidential real property or in the residential housing unit provided that theowner is in compliance with the maintenance standard and has obtained acertificate of compliance under G.S. 130A‑131.9E annually.
(b) Nothing in thissection shall (i) require a financial institution to extend a loan or otherwiseprovide financial assistance if it is clearly evident that health‑relatedissues, other than those related to lead‑based paint, made occupancy ofthe housing accommodation an imminent threat to the health or safety of theoccupant, or (ii) be construed to preclude a financial institution fromconsidering the fair market value of the property which will secure theproposed loan.
(c) Failure to meet themaintenance standard shall not be deemed a default under existing mortgages. (1997‑443,s. 15.30(b).)
