There is a newer version of the North Carolina General Statutes
2014 North Carolina General Statutes
Chapter 47H - Contracts for Deed.
§ 47H-7 - Late fees.
NC Gen Stat § 47H-7 (2014) What's This?
47H-7. Late fees.
No seller may charge a late payment charge under a contract for deed in excess of four percent (4%) of the amount of the payment past due. A late fee may only be charged on payments that are more than 15 days past due. (2010-164, s. 4.)
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