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2020 North Carolina General Statutes
Chapter 66 - Commerce and Business
Article 46 - Guaranteed Asset Protection Waivers.
§ 66-441 - Scope of Article.
Universal Citation: NC Gen Stat § 66-441 (2020)
66-441. Scope of Article.
(a) Complete Exemptions. - This Article shall not apply to any of the following:
(1) An insurance policy offered by an insurer under Chapter 58 of the General Statutes, except as provided in G.S. 66-443.
(2) A debt cancellation or debt suspension contract being offered pursuant to 12 C.F.R. Part 37, 12 C.F.R. Part 721, or any other federal law.
(b) Partial Exemption for Commercial Transactions. - G.S. 66-444, 66-446(c), and 66-447 are not applicable to a guaranteed asset protection waiver offered in connection with a lease or retail installment sale associated with a commercial transaction.
(2013-193, s. 1.)
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