Bill Summaries: S577 (2017-2018 Session)

Tracking:
  • 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.


  • 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).


  • 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).