Consumer Credit Regulation: North Carolina
N.C. Gen. Stat. §§ 25A-1 to 25A-45 (Retail Installment Sales Act).
Scope: Consumer credit sales of goods and services (but not those for which the cost is by law fixed, approved by or filed with a governmental entity) purchased primarily for a personal, family, household, or agricultural purpose. The amount financed may not exceed $75,000, except that there is no maximum limit for manufactured homes. §§ 25A-1, 25A-2.
Licensure requirements: None.