2010 North Carolina Code
Chapter 25A Retail Installment Sales Act.
25A-10. "Official fees" defined.
25A‑10. "Official fees" defined.
"Official fees" means:
(1) Fees and charges prescribed by law which actually are or will be paid to public officials for determining the existence of or for perfecting, releasing, or satisfying a security interest related to a consumer credit sale; or
(2) Premiums payable for insurance in lieu of perfecting a security interest otherwise required by the seller in connection with a consumer credit sale if the premium does not exceed the fees or charges described in subdivision (1) of this section which would otherwise be payable. (1971, c. 796, s. 1.)
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