20-298.1. Provision of certain products and services to those covered under the Military Lending Act.
A motor vehicle dealer that does not market or extend to a covered borrower a loan or credit transaction covered by Section 987 of Title 10 of the United States Code, or any subsequent amendments thereto, and Part 232 (commencing with Section 232.1) of Subchapter M of Chapter I of Subtitle A of Title 32 of the Code of Federal Regulations, or any subsequent amendments thereto, shall not be in violation of G.S. 127B-11 or otherwise under the law with respect to all transactions entered into on or after October 3, 2016, regardless of whether the motor vehicle dealer markets or extends the loan or credit transaction to other persons who are not covered borrowers. For purposes of this section, "covered borrower" has the same meaning as provided in Part 232 (commencing with Section 232.1) of Subchapter M of Chapter I of Subtitle A of Title 32 of the Code of Federal Regulations and any subsequent amendments thereto. (2019-181, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 12 - Motor Vehicle Dealers and Manufacturers Licensing Law.
§ 20-285 - Regulation of motor vehicle distribution in public interest.
§ 20-287 - Licenses required; penalties.
§ 20-288 - Application for license; license requirements; expiration of license; bond.
§ 20-291 - Representatives to carry license and display it on request; license to name employer.
§ 20-292 - Dealers may display motor vehicles for sale at retail only at established salesrooms.
§ 20-292.1 - Supplemental temporary license for sale of antique and specialty vehicles.
§ 20-294 - Grounds for denying, suspending, placing on probation, or revoking licenses.
§ 20-295 - Action on application; grace period while application for license renewal is pending.
§ 20-297 - Retention and inspection of certain records.
§ 20-297.1 - Franchise-related form agreements.
§ 20-299 - Acts of officers, directors, partners, salesmen and other representatives.
§ 20-300 - Appeals from actions of Commissioner.
§ 20-301 - Powers of Commissioner.
§ 20-301.1 - Notice of additional charges against dealer's account; informal appeals procedure.
§ 20-302 - Rules and regulations.
§ 20-305.1 - Automobile dealer warranty and recall obligations.
§ 20-305.2 - Unfair methods of competition; protection of car-buying public.
§ 20-305.5 - Recreational vehicle manufacturer warranty recall obligations.
§ 20-305.6 - Unlawful for manufacturers to unfairly discriminate among dealers.
§ 20-305.7 - Protecting dealership data and consent to access dealership information.
§ 20-307 - Article applicable to existing and future franchises and contracts.