Bill Summaries: S577 (2017-2018 Session)

Tracking:
  • Bill S 577 (2017-2018)
    Summary date: Jun 26 2017 - View summary

    AN ACT TO MODERNIZE NORTH CAROLINA'S CONSUMER CREDIT INSTALLMENT SALE CONTRACT DEFAULT CHARGE IN ORDER TO LEVEL THE PLAYING FIELD WITH OUT-OF-STATE BUSINESSES. Enacted June 26, 2017. Effective June 26, 2017.
    Banking and Finance
    GS 25A
  • Bill S 577 (2017-2018)
    Summary date: Apr 26 2017 - View summary

    Senate committee substitute makes the following changes to the 1st edition.

    Amends GS 25A-29 to provide that if any installment is past due for 10 days or more according to the original terms of the consumer credit installment sale contract, a default charge can be made in an amount not to exceed $25 (was, $15).
    Banking and Finance
    GS 25A
  • Bill S 577 (2017-2018)
    Summary date: Mar 31 2017 - View summary

    Amends GS 25A-29 to provide that if any installment is past due for 10 days or more according to the original terms of the consumer credit installment sale contract, a default charge can be made in an amount not to exceed $25 (was, not to exceed the lesser of 5% of the installment past due or $6).
    Banking and Finance
    GS 25A

© 2022 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.