AN ACT TO DEFINE THE TERM "CONSUMER" FOR PURPOSES OF THE LAW RELATED TO CONTRACTS WITH AUTOMATIC RENEWAL CLAUSES.
Amends GS 75-41, which regulates contracts with automatic renewal clauses, to add a definition of the term consumer for use in the statute. Defines consumer to mean any natural person who purchases or leases any products or services under a contract containing an automatic renewal clause for personal, family, household, or agricultural purposes. Applies to contracts entered into on or after October 1, 2017.
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