§ 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 […]
§ 25A-6 – "Seller" defined.
25A-6. "Seller" defined. "Seller" means one regularly engaged in the business of selling goods or services. Unless otherwise provided, "seller" also means and includes an assignee of the seller’s right to payment but use of the term does not itself impose on an assignee any obligation of the seller with respect to events occurring before […]
§ 25A-7 – "Cash price" defined.
25A-7. "Cash price" defined. "Cash price" of goods and services means the price at which the goods or services are offered for sale by the seller to cash buyers in the ordinary course of business and may include: (1) Applicable sales, use, and excise and documentary stamp taxes; and (2) The cash price of accessories […]
§ 25A-8 – "Finance charge" defined.
25A-8. "Finance charge" defined. (a) "Finance charge" means the sum of all charges payable directly or indirectly by the buyer and imposed by the seller as an incident to the extension of credit, including any of the following types of charges which are applicable: (1) Interest, time price differential, service, carrying or other similar charge […]
§ 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 […]
§ 25A-1 – Scope of act.
25A-1. Scope of act. This Chapter applies only to consumer credit sales as hereinafter defined, except that G.S. 25A-37, referral sales, applies to all sales of goods or services as provided therein. This Chapter does not apply to a bona fide direct loan transaction in which a lender makes a direct loan to a borrower, […]