§ 25A-38 – "Home-solicitation sale" defined.
25A-38. "Home-solicitation sale" defined. "Home-solicitation sale" means a consumer credit sale of goods or services in which the seller or a person acting for him engages in a personal solicitation of the sale at a residence of the buyer and the buyer’s agreement or offer to purchase is there given to the seller or a […]
§ 25A-39 – Buyer's right to cancel.
25A-39. Buyer’s right to cancel. (a) Except as provided in subsection (e) of this section, in addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home-solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to […]
§ 25A-40 – Form of agreement or offer; statement of buyer's rights.
25A-40. Form of agreement or offer; statement of buyer’s rights. (a) In a home-solicitation sale the seller must present to the buyer and obtain his signature to a fully completed written agreement or offer to purchase which is in the same language as that principally used in the oral sales presentation and which designates as […]
§ 25A-41 – Restoration of down payment; retention of goods.
25A-41. Restoration of down payment; retention of goods. (a) Except as provided in this section, within 10 business days after a home-solicitation sale has been canceled or an offer to purchase revoked in accordance with G.S. 25A-40, the seller must tender to the buyer any payments made by the buyer and any note or other […]
§ 25A-42 – Duties as to care and return of goods; no compensation for services prior to cancellation.
25A-42. Duties as to care and return of goods; no compensation for services prior to cancellation. (a) Except as provided by the provisions on retention of goods by the buyer (G.S. 25A-41(d)), within a reasonable time after a home-solicitation sale has been canceled, the buyer must make available to the seller at the buyer’s residence […]
§ 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.)
§ 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 […]
§ 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 […]
§ 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 […]
§ 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 […]