reglab/housing_qa huggingface dataset:
NC Gen Stat § 25A-9 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-9 - "Amount financed" defined.

 25A-9. "Amount financed" defined.(a) "Amount financed" means the total of the following to the extent that payment is deferred by the seller:(1) The cash price of the goods or services less the amount of any down payment whether made in cash or property traded in,(2) The amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest or lien on property traded in,(3) Additional charges for insurance described in G.S. 25A-8(b) and charges referred to in G.S. 25A-8(c), and(4) Official fees as described in G.S. 25A-10, to the extent they are itemized and disclosed to the buyer.(b) If not included in the cash price, the amount financed includes any applicable sales, use or documentary stamp taxes and any amount actually paid or to be paid by the seller for registration, certificate of title or license fees. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-10 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-10 - "Official fees" defined.

 25A-10. "Official fees" defined."Official fees" means any of the following:(1) Fees and charges prescribed by law that actually are or will be paid by the seller for determining the existence of or for perfecting, releasing, or satisfying a security interest related to a consumer credit sale.(2) Premiums payable for insurance in lieu of perfecting a security interest otherwise required by the seller in connection with a consumer credit sale if the premium does not exceed the fees or charges described in subdivision (1) of this section that would otherwise be payable.  (1971, c. 796, s. 1; 2021-159, s. 2(a).)
NC Gen Stat § 25A-11 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-11 - "Revolving charge account contract" defined.

 25A-11. "Revolving charge account contract" defined."Revolving charge account contract" means an agreement or understanding between a seller and a buyer under which consumer credit sales may be made from time to time, under the terms of which a finance charge or service charge is to be computed in relation to the buyer's unpaid balance from time to time, and under which the buyer has the privilege of paying the balance in full or in installments. This definition shall not affect the meaning of the term "revolving charge account" appearing in G.S. 24-11(a). (1971, c. 796, s. 1.)
NC Gen Stat § 25A-12 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-12 - "Consumer credit installment sale contract" defined.

 25A-12. "Consumer credit installment sale contract" defined."Consumer credit installment sale contract" means the agreement between a buyer and a seller in a consumer credit sale other than a sale made pursuant to a revolving charge account. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-13 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-13 - "Consumer Credit Protection Act" defined.

 25A-13. "Consumer Credit Protection Act" defined."Consumer Credit Protection Act" means the Consumer Credit Protection Act, an act of Congress of May 29, 1968, as amended (Public Law 90-321; 82 Stat. 146; 15 U.S.C. 1601 et seq.), and regulations and rulings promulgated thereunder. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-14 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-14 - Finance charge rates and service charge for revolving charge account contracts.

 25A-14. Finance charge rates and service charge for revolving charge account contracts.(a) The finance-charge rate and either the annual charge or the monthly service charge for a consumer credit sale made under a revolving charge account contract may not exceed the rates and charge provided for revolving credit by G.S. 24-11.  (b) In the event the revolving charge account contract is secured in whole or in part by a security interest in real property, then the finance-charge rate shall not exceed the rate set out in G.S. 25A-15(d).  (c) No default or deferral charge shall be imposed by the seller in connection with a revolving charge-account contract, except as specifically provided for in G.S. 24-11(d1). (1971, c. 796, s. 1; 1983, c. 126, s. 7; 1991, c. 506, s. 7.)
NC Gen Stat § 25A-16 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-16 - Transfer of equity.

 25A-16. Transfer of equity.If a buyer voluntarily transfers his rights in collateral pursuant to applicable law and the seller agrees, the seller may impose a transfer fee not to exceed ten percent (10%) of the unpaid balance of the debt or thirty-five dollars ($35.00), whichever is less. (1971, c. 796, s. 1; 2000-169, s. 31.)
NC Gen Stat § 25A-17 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-17 - Additional charges for insurance.

 25A-17. Additional charges for insurance.(a) As to revolving charge account contracts defined in G.S. 25A-11, in addition to the finance charges permitted in G.S. 24-11(a), a seller in a consumer credit sale may contract for and receive additional charges or premiums (i) for insurance written in connection with any consumer credit sale, against loss of or damage to property securing the debt pursuant to G.S. 25A-23, provided a clear, conspicuous and specific statement in writing is furnished by the seller to the buyer setting forth the cost of the insurance if obtained from or through the seller and stating that the buyer may choose the insurer through which the insurance is obtained; (ii) for credit life, credit accident and health, or credit unemployment insurance, written in connection with any consumer credit sale, provided the insurance coverage is not required by the seller and this fact is clearly disclosed to the buyer, and any buyer desiring such insurance coverage gives affirmative indication of such desire after disclosure of the cost of such insurance.(b) As to revolving charge account contracts defined in G.S. 25A-11, insurance that is required by a seller and is not an additional charge permitted by subsection (a) of this section, shall be included in the finance charge as computed according to G.S. 24-11(a).(c) As to consumer credit installment sale contracts defined in G.S. 25A-12, in addition to the finance charges permitted in G.S. 25A-15, a seller in a consumer credit sale may contract for and receive additional charges or premiums (i) for insurance written in connection with any consumer credit sale, for loss of or damage to property or against liability arising out of the ownership or use of property, provided a clear, conspicuous and specific statement in writing is furnished by the seller to the buyer setting forth the cost of the insurance if obtained from or through the seller and stating that the buyer may choose the person through which the insurance is to be obtained; (ii) for credit life, credit accident and health, or credit unemployment insurance, written in connection with any consumer credit sale, provided the insurance coverage is not required by the seller and this fact is clearly and conspicuously disclosed in writing to the buyer; and any buyer desiring such insurance coverage gives specific dated and separately signed affirmative written indication of such desire after receiving written disclosure to him of the cost of such insurance. (1971, c. 796, s. 1; 1993, c. 226, s. 15.)
NC Gen Stat § 25A-18 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-18 - Confession of judgment.

 25A-18. Confession of judgment.A buyer may not authorize any person to confess judgment on a claim arising out of a consumer credit sale. An authorization in violation of this section is void. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-19 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-19 - Acceleration.

 25A-19. Acceleration.With respect to a consumer credit sale, the agreement may not provide for repossession of any goods or acceleration of the time when any part or all of the time balance becomes payable other than for breach by the buyer of any promise or condition clearly set forth in the agreement. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-20 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-20 - Disclaimer of warranty.

 25A-20. Disclaimer of warranty.With respect to any consumer credit sale, the agreement may not contain any provision limiting, excluding, modifying or in any manner altering the terms of any express warranty given by any seller (excluding assignees) to any buyer and made a part of the basis of the bargain between the original parties. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-21 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-21 - Attorneys' fees.

 25A-21. Attorneys' fees.With respect to a consumer credit sale:(1) In the event that the seller institutes a suit and prevails in the litigation and obtains a money judgment, the presiding judge shall allow a reasonable attorney's fee to the duly licensed attorney representing the seller in such suit, said attorney's fee to be taxed to the buyer as part of the court costs.(2) In the event that a seller instituting suit does not prevail in the litigation, the presiding judge shall allow a reasonable attorney's fee to the duly licensed attorney representing the buyer in such suit, said attorney's fee to be taxed to the seller as a part of the court costs. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-22 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-22 - Receipts for payments; return of title documents upon full payment.

 25A-22. Receipts for payments; return of title documents upon full payment.(a) When any payment is made under any consumer credit sale transaction, the person receiving such payment shall, if the payment is made in cash, give the buyer a written receipt therefor. If the buyer specifies that the payment is made on one of several obligations, the receipt shall so state.(b) Upon the payment of all sums for which the buyer is obligated under a consumer credit sale, the seller shall promptly release any security interest in accordance with the terms of G.S. 25-9-513 or G.S. 20-58.4, whichever is applicable. In the event a security interest in real property is involved, the seller shall take such action as is necessary to enable the lien to be discharged of record under the provisions of G.S. 45-37. (1971, c. 796, s. 1; 2000-169, s. 32.)
NC Gen Stat § 25A-23 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-23 - Collateral taken by the seller.

 25A-23. Collateral taken by the seller.(a) The seller in a consumer credit sale may take a security interest only in the following property of the buyer to secure the debt arising from the sale:(1) The property sold,(2) Property previously sold by the seller to the buyer and in which the seller has an existing security interest,(3) Personal property to which the property sold is installed, if the amount financed is more than three hundred dollars ($300.00),(4) Real property to which the property sold is affixed, if the amount financed is more than one thousand dollars ($1,000), and(5) A self-propelled motor vehicle to which repairs are made, if the amount financed exceeds one hundred dollars ($100.00).(6) Any property which is used for agricultural purposes, if the property sold is to be used in the operation of an agricultural business.(b) A security interest taken in property other than that permitted in subsection (a) of this section shall be void and not enforceable.(c) Nothing in this section shall affect any right or liens granted by Chapter 44A of the General Statutes.(d) The provisions of G.S. 24-11(a), limiting the taking of a security interest in property under an open end credit or similar plan, shall not apply to revolving charge account contracts regulated by this Chapter; provided, however, the application of payments rule set out in G.S. 25A-27 shall apply to such contracts; provided further, that in any action initiated by the seller for the possession of such property, a judgment for the possession thereof shall be restricted to commercial units (as defined in G.S. 25-2-105(6)) for which the cash price was one hundred dollars ($100.00) or more. (1971, c. 796, s. 1; 1977, c. 508; c. 789, s. 1.)
NC Gen Stat § 25A-24 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-24 - Identification of instruments of indebtedness.

 25A-24. Identification of instruments of indebtedness.With respect to consumer credit sales, each instrument of indebtedness shall be identified on the face of the instrument as a consumer credit document, or otherwise clearly indicate on its face that it arises out of a consumer credit sale, provided, that such designation of an instrument of indebtedness regarding as sale which is not by definition a "consumer credit sale," shall not solely because of such designation cause the transaction to be a consumer credit sale. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-25 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-25 - Preservation of consumers' claims and defenses.

 25A-25. Preservation of consumers' claims and defenses.(a) In a consumer credit sale, a buyer may assert against the seller, assignee of the seller, or other holder of the instrument or instruments of indebtedness, any claims or defenses available against the original seller, and the buyer may not waive the right to assert these claims or defenses in connection with a consumer credit sales transaction. Affirmative recovery by the buyer on a claim asserted against an assignee of the seller or other holder of the instrument of indebtedness shall not exceed amounts paid by the buyer under the contract.(b) Every consumer credit sale contract shall contain the following provision in at least ten-point boldface type: NOTICE    ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER.  (c) Compliance with the requirements of the Federal Trade Commission rule on preservation of consumer claims and defenses is considered full compliance with this act. (1971, c. 796, s. 1; 1977, c. 921.)
NC Gen Stat § 25A-26 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-26 - Substitution of collateral.

 25A-26. Substitution of collateral.Subject to the provisions of G.S. 25A-23, if all involved parties agree, there may be a substitution of collateral under a security instrument in a consumer credit sale. For such substitution, the seller may impose a fee not to exceed ten percent (10%) of the unpaid balance of the debt or fifteen dollars ($15.00), whichever is less. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-28 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-28 - Form of consumer credit installment sale contract.

 25A-28. Form of consumer credit installment sale contract.Every consumer credit installment sale contract shall be in writing, dated and signed by the buyer. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-29 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-29 - Default charges.

 25A-29. Default charges.(a) 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 may be made in an amount of fifteen dollars ($15.00). A default charge may be imposed only one time for each default.(b) If a default charge is deducted from a payment made on the contract and the deduction results in a subsequent default on a subsequent payment, no default charge may be imposed for the default.(c) If a default charge has been once imposed with respect to a particular default in payment, no default charge shall be imposed with respect to any future payments which would not have been in default except for the previous default.(d) A default charge for any particular default shall be deemed to have been waived by the seller unless, within 45 days following the default, (i) the charge is collected or (ii) written notice of the charge is sent to the buyer.  (1971, c. 796, s. 1; 2017-45, s. 1.)
NC Gen Stat § 25A-30 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-30 - Deferral charges.

 25A-30. Deferral charges.(a) A seller may, by agreement with the buyer, defer the due date of all or any part of one or more installments under an existing consumer credit installment sale contract.(b) Except as provided by subsections (e) and (f) of this section, a deferral agreement must be in writing, dated and signed by the parties.(c) A deferral agreement may provide for a deferral charge not to exceed the rate of one and one-half percent (1 1/2%) of each installment for each month from the date which such installment or part thereof would otherwise have been payable to the date when such installment or part thereof is made payable under the deferral agreement.(d) If a deferral charge is made pursuant to a deferral agreement, a default charge provided in G.S. 25A-29 may be imposed only if the installment as deferred is not paid when due and no new deferral agreement is entered into with respect to that installment.(e) If the deferral agreement extends the due date of only one installment, the agreement need not be in writing.(f) A deferral agreement for which no charge is made shall not be subject to subsections (b), (c) or (d) of this section. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-31 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-31 - Consolidation and refinancing.

 25A-31. Consolidation and refinancing.(a) A seller and a buyer may agree at any time to refinance an existing consumer credit installment sale contract or to consolidate into a single debt repayable on a single schedule of payments, two or more consumer credit installment sale contracts.(b) A refinancing or consolidation agreement must be in writing, dated and signed by the parties.(c) The refinancing or consolidation agreement may provide for a finance charge which shall not exceed the rates provided in G.S. 25A-15, with the amount financed being the unpaid time balance of the contract or contracts refinanced or consolidated, less the rebate provided by G.S. 25A-32. In computing the rebate to be credited to the previous time balances for purposes of this section, no prepayment charge shall be imposed. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-32 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-32 - Rebates on prepayment.

 25A-32. Rebates on prepayment.Notwithstanding any provision in a consumer credit installment sale contract to the contrary, any buyer may satisfy the debt in full at any time before maturity, and in so satisfying such debt, shall receive a rebate, the amount of which shall be computed under the "rule of 78's," as follows:"The amount of such rebate shall represent as great a proportion of the finance charge (less a prepayment charge of ten percent (10%) of the unpaid balance, not to exceed twenty-five dollars ($25.00)) as the sum of the periodical time balances after the date of prepayment in full bears to the sum of all the periodical time balances under the schedule of payments in the original contract." No rebate is required if the amount thereof is less than one dollar ($1.00).If the prepayment is made otherwise than on the due date of an installment, it shall be deemed to have been made on the installment due date nearest in time to the actual date of payment.If a seller obtains a judgment on a debt arising out of a consumer credit installment sale or the seller repossesses the collateral securing the debt, the seller shall credit the buyer with a rebate as if the payment in full had been made on the date the judgment was obtained or 15 days after the repossession occurred. If the seller obtains a judgment and repossesses the collateral, the seller shall credit the buyer with a rebate as if payment in full had been made on the date of the judgment or 15 days after the repossession, whichever occurs earlier. (1971, c. 796, s. 1.)
NC Gen Stat § 25A-32.1 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-32.1 - Unearned finance charge credits on prepayment of loans secured by real property and mobile home loans.

 25A-32.1. Unearned finance charge credits on prepayment of loans secured by real property and mobile home loans.(a) Notwithstanding any statutory or contractual provision to the contrary, in a consumer credit installment sale contract with an amount financed of five thousand dollars ($5000.00) or more secured by real estate or by a residential manufactured home as defined in G.S. 143-145(7), any buyer may satisfy the debt in full at any time before maturity, and in so satisfying the debt, shall be credited with all unearned finance charges as computed on the simple interest or actuarial method.(b) If a seller obtains a judgment on a debt arising out of a consumer credit installment sale described in subsection (a) of this section, or if the seller forecloses or repossesses the collateral securing the debt, the seller shall credit the buyer with all unearned finance charges as computed on the simple interest or actuarial method as if the payment in full had been made on the date the judgment was obtained or 15 days after the foreclosure or repossession occurred, whichever is earlier. If the seller obtains a judgment and repossesses the collateral, the seller shall credit the buyer with all unearned finance charges as if payment in full had been made on the date of the judgment or 15 days after the repossession, whichever occurs earlier. (1991, c. 602, s. 2.)
NC Gen Stat § 25A-33 (2021)
2021 North Carolina General Statutes|Chapter 25A - Retail Installment Sales Act|§ 25A-33 - Terms of payments.

 25A-33. Terms of payments.A consumer credit installment sale contract shall provide for complete payment of all charges due under the contract, including the amount financed, the finance charge, and additional insurance charges, if any, within a period from the time of the sale of(1) Forty-two months, if the amount financed is less than one thousand five hundred dollars ($1,500), or(2) Sixty-four months, if the amount financed is one thousand five hundred dollars ($1,500) or greater, but less than two thousand five hundred dollars ($2,500), or(3) One hundred and twenty-two months, if the amount financed is two thousand five hundred dollars ($2,500) or greater, but less than five thousand dollars ($5,000), or(4) One hundred and eighty-two months, if the amount financed is five thousand dollars ($5,000) or greater, but less than ten thousand dollars ($10,000), or(5) As the contract provides, if the amount financed is ten thousand dollars ($10,000) or greater.The provisions of this section shall not apply to a consumer credit installment sale contract executed in connection with any financing which is insured under regulations of the Federal Housing Administration or the Veterans Administration. (1971, c. 796, s. 1; 1973, c. 1446, s. 3.)