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Code · North Carolina · Chapter 25A — Retail Installment Sales Act

§ 25A-24. Identification of instruments of indebtedness.

89 words·~1 min read·/nc/chapter-25a/25a-24

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§ 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.)
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