North Carolina General Statutes Chapter 25A. Retail Installment Sales Act § 25A-26. Substitution of collateral
Current as of January 01, 2020 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 25A. Retail Installment Sales Act § 25A-26. Substitution of collateral - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-25a-retail-installment-sales-act/nc-gen-st-sect-25a-26.html
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