{"data":{"id":"us-nc/n.c.-gen.-stat.-25a-1","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25A-1","heading":"Scope of act.","body":"This Chapter applies only to consumer credit sales as hereinafter defined, except that G.S. 25A-37, referral sales, applies to all sales of goods or services as provided therein. This Chapter does not apply to a bona fide direct loan transaction in which a lender makes a direct loan to a borrower, and such lender is not regularly engaged, directly or indirectly, in the sale of goods or the furnishing of services as defined in this Chapter.\nExcept for G.S. 25A-37, referral sales, those sales defined in G.S. 25A-2(b), and those sales with amounts financed in excess of twenty-five thousand dollars ($25,000) under G.S. 25A-2(a)(5), this Chapter does not apply to any party or transaction that is not also subject to the provisions of the Consumer Credit Protection Act (Federal Truth-in-Lending Act). (1971, c. 796, s. 1; 1983, c. 686, s. 1; 2005-338, s. 1.)","path":["Chapter 25A. Retail Installment Sales Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25A/GS_25A-1.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:52Z","sha256":"de8a8b91e03a0bf88910e68386ec9b34733189e6ba53ef7727a35c7fec1248fd","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-12-107","next":"us-nc/n.c.-gen.-stat.-25a-2"},"notice":"GroundRules: Original legal text. Not legal advice."}