There is a newer version of the North Carolina General Statutes
2010 North Carolina Code
Chapter 25A Retail Installment Sales Act.
25A-16. Transfer of equity.
NC Gen Stat § 25A-16 What's This?
25A‑16. Transfer of equity.
If a buyer voluntarily transfers his rights in collateral pursuant to applicable law and the seller agrees, the seller may impose a transfer fee not to exceed ten percent (10%) of the unpaid balance of the debt or thirty‑five dollars ($35.00), whichever is less. (1971, c. 796, s. 1; 2000‑169, s. 31.)
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