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2021 North Carolina General Statutes
Chapter 25A - Retail Installment Sales Act
§ 25A-10 - "Official fees" defined.
Universal Citation: NC Gen Stat § 25A-10 (2021)
25A-10. "Official fees" defined.
"Official fees" means any of the following:
(1) Fees and charges prescribed by law that actually are or will be paid by the seller for determining the existence of or for perfecting, releasing, or satisfying a security interest related to a consumer credit sale.
(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 that would otherwise be payable.
(1971, c. 796, s. 1; 2021-159, s. 2(a).)
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