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.
CONSUMER CREDIT/DEFAULT CHARGE.
| View NCGA Bill Details | 2017-2018 Session |
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.Intro. by Gunn.
Status: Ch. SL 2017-45 (Senate Action) (Jun 26 2017)
S 577/S.L. 2017-45
Bill Summaries:
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Bill S 577 (2017-2018)Summary date: Jun 26 2017 - More information
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Bill S 577 (2017-2018)Summary date: Apr 26 2017 - More information
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).
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Bill S 577 (2017-2018)Summary date: Mar 31 2017 - More information
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).
View: All Summaries for Bill