State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_84 > GS_84-6

§84‑6.  Exacting fee for conducting foreclosures prohibited to all exceptlicensed attorneys.

It shall be unlawful to exact,charge, or receive any attorney's fee for the foreclosure of any mortgage underpower of sale, unless the foreclosure is conducted by licensed attorney‑at‑lawof North Carolina, and unless the full amount charged as attorney's fee isactually paid to and received and retained by such attorney, without beingdirectly or indirectly shared with or rebated to anyone else, and it shall beunlawful for any such attorney to make any showing that he has received such afee unless he has received the same, or to share with or rebate to any otherperson, firm, or corporation such fee or any part thereof received by him; butsuch attorney may divide such fee with another licensed attorney‑at‑lawmaintaining his own place of business and not an officer or employee of theforeclosing party, if such attorney has assisted in performing the services forwhich the fee is paid, or resides in a place other than that where theforeclosure proceedings are conducted, and has forwarded the case to theattorney conducting such foreclosure. (1931, c. 157, s. 3.)