Bill Summaries: S488 CONSUMER PROTECTION- INVOICE ADVERTISEMENTS.

Tracking:
  • Summary date: May 13 2021 - More information

    Senate amendment makes the following changes to the 1st edition.

    Further amends GS 75-35, which prohibits a person engaged in commerce from issuing any writing that simulates or resembles a negotiable instrument or an invoice. Adds that the statute does not prohibit unsolicited checks to secure loans made by a lender under the terms and conditions prescribed in GS 75-20 (detailing requirements for delivering such unsolicited checks, violations of which are an unfair trade practice).


  • Summary date: Apr 1 2021 - More information

    Amends GS 75-35, which prohibits a person engaged in commerce from issuing any writing that simulates or resembles a negotiable instrument or an invoice. Adds that including a disclaimer on the writing is not a defense to a violation of the statute. Effective October 1, 2021.


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