Senate committee substitute to the 2nd edition adds the following.
Amends GS 24-10 by adding that loan secured by a second or junior lien on real property made under GS 24-1.1 by a lender, as described where the principal amount is less than $10,000, when the total points and fees charged to the borrower do not exceed the lesser of the amounts specified in the specified federal provision, or 3% of the total loan amount, is not subject to the limitation in (g)(1) which allows a lender to charge or receive from any borrower, or any agent for a borrower, fees or discounts which in the aggregate does not exceed 2% on loans made under GS 24-1.1 when the loans are secured by a second or junior lien on real property. Applies to loans made on or after the date that the act becomes law. 
Makes conforming changes to the act's long title.

Statutes affected:
Edition 3: 24-10