Effective Dec 31, 199470C-8-102(1)(e)Financial Institutions
"Wrap loan" means an extension of credit that includes an agreement by the lender to service all or part of the balance due on other debts owed by the borrower out of payments made on the wrap loan.
KEY: financial institutions
Date of Last Change: 1995
Notice of Continuation: September 13, 2022
Authorizing, and Implemented or Interpreted Law: 70C-8-102(1)(e)