Bill Summary for S 493 (2021)

Summary date: 

Jul 1 2022

Bill Information:

View NCGA Bill Details2021
Senate Bill 493 (Public) Filed Thursday, April 1, 2021
AN ACT TO MODIFY MULTILOCATION PROJECT ENHANCEMENT FOR THE JOB DEVELOPMENT INVESTMENT GRANT PROGRAM; AND TO REPEAL A PROVISION CONCERNING CONFESSION OF JUDGMENT.
Intro. by Newton, Craven.

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Bill summary

House amendment makes the following changes to the 2nd edition. 

Subject to House Bill 911 becoming law, adds a new section to repeal Section 11 of that act, which amends GS 53-181(c) to specify that subsection (c) of that statute does not prohibit a consumer finance licensee from taking a confession of judgment from a borrower following the borrower's failure to make a payment as required under a loan contract. 

Changes the act's titles. 

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