NC General Statutes
N.C. Gen. Stat. § 45A-9 (2026)
Interest on settlement agent's real estate trust and escrow accounts
✓ current as of July 2026
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(a) A settlement agent who maintains a trust or escrow account for purposes of receiving and disbursing closing funds and loan funds shall pay any interest earned on funds held in those accounts to the North Carolina State Bar to be used for the purposes authorized by the North Carolina State Bar under the Interest on Lawyers' Trust Account Program.
(b) The North Carolina State Bar shall adopt rules for the collection and disbursement of funds required to be paid to the North Carolina State Bar under subsection (a) of this section. (2011-336, s. 3.)
Notes of Decisions
Cited in 1
case, 2018–2018 · leading case: Cabarrus Cty. Bd. of Educ. v. Dep't of State Treasurer, 821 S.E.2d 196 (N.C. Ct. App. 2018).
Cabarrus Cty. Bd. of Educ. v. Dep't of State Treasurer, 821 S.E.2d 196 (N.C. Ct. App. 2018). “§ 84-21 ("(a) The Council shall adopt the rules pursuant to G.S. 45A-9." "(b) .... Copies of all rules and regulations and of all amendments adopted by the Council shall be certified to the Chief Justice of the Supreme Court of North Carolina .”
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