§ 25A-3 - "Payable in installments" defined.

NC Gen Stat § 25A-3 (2019) (N/A)
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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.