§ 66-483 – Disclosures.
66-483. Disclosures. Vehicle value protection agreements must disclose in writing and in clear, understandable language that is easy to read, all of the following: (1) The name and address of the provider, contract holder, and administrator, if any. (2) The terms of the vehicle value protection agreement, including, without limitation, the purchase price to be […]
§ 66-484 – Commercial transaction exemptions.
66-484. Commercial transaction exemptions. G.S. 66-473(5) and (7) shall not apply to vehicle value protection agreements offered in connection with a commercial transaction. (2021-172, s. 3.)
§ 66-485 – Enforcement.
66-485. Enforcement. The Attorney General may take action necessary or appropriate to enforce the provisions of this Article and to protect vehicle value protection agreement consumers in this State. After proper notice and opportunity for hearing, the Attorney General may do the following: (1) Order the creditor, provider, administrator, or any other person not in […]
§ 66-486 – Intent.
66-486. Intent. Vehicle value protection agreements are not insurance and are exempt from the provisions of Chapter 58 of the General Statutes, as are persons administering, marketing, selling, or offering to sell vehicle value protection agreements to consumers. All vehicle value protection agreements issued prior to and after the date of enactment of this Article […]
§ 66-490 – Purpose.
66-490. Purpose. The General Assembly recognizes that many of its citizens rely heavily on the purchase of goods through online commerce. In order to protect the citizens of North Carolina from purchasing counterfeit or stolen goods from certain high-volume third-party sellers selling these goods through online marketplaces, the General Assembly finds it necessary to require […]
§ 66-491 – Definitions.
66-491. Definitions. The following definitions apply in this Article: (1) Consumer product. – Any tangible personal property which is distributed in commerce and which is normally used for personal, family, or household purposes, including any property intended to be attached to or installed in real property without regard to whether it has been attached or […]
§ 66-492 – Verification of high-volume third-party seller information by online marketplace.
66-492. Verification of high-volume third-party seller information by online marketplace. (a) No more than 10 days after a seller becomes a high-volume third-party seller on an online marketplace platform, the online marketplace shall require the high-volume third-party seller to provide all of the following information: (1) A bank account number or, if the high-volume third-party […]
§ 66-493 – Disclosure of high-volume third-party seller information to consumers.
66-493. Disclosure of high-volume third-party seller information to consumers. (a) Except as provided in subsection (b) of this section, an online marketplace shall require any high-volume third-party seller with an aggregate total of twenty thousand dollars ($20,000) or more in annual gross revenues on its platform to provide to the online marketplace and disclose to […]
§ 66-494 – Limitation on use of information; security of marketplace information.
66-494. Limitation on use of information; security of marketplace information. (a) Information or documents collected solely to comply with the requirements of this Article shall not be used for any other purpose unless required by law. (b) An online marketplace shall implement and maintain reasonable security procedures and practices, including administrative, physical, and technical safeguards, […]
§ 66-495 – Enforcement.
66-495. Enforcement. (a) If the Attorney General has reason to believe that any online marketplace has violated or is violating this Article and the violation affects one or more residents of this State, the Attorney General may bring a civil action in any appropriate court to do any of the following: (1) Enjoin further violation […]