There is a newer version of the North Carolina General Statutes
2010 North Carolina Code
Chapter 25A Retail Installment Sales Act.
25A-3. "Payable in installments" defined.
NC Gen Stat § 25A-3 What's This?
25A‑3. "Payable in installments" defined.
A debt is "payable in installments" when the buyer is required or permitted by agreement to make payment in more than four installments, excluding a down payment, and whether or not a finance charge is imposed by the seller. (1971, c. 796, s. 1.)
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