25A-38. "Home-solicitation sale" defined.
"Home-solicitation sale" means a consumer credit sale of goods or services in which the seller or a person acting for him engages in a personal solicitation of the sale at a residence of the buyer and the buyer's agreement or offer to purchase is there given to the seller or a person acting for him. It does not include
(1) A sale made to a buyer who has previously engaged in a similar business transaction with the seller;
(2) A sale made pursuant to a preexisting revolving charge account;
(3) A sale made pursuant to negotiations between the parties on the premises of a business establishment at a fixed location where such goods or services are offered or exhibited for sale;
(4) A sale which is regulated by the provisions of Section 226.9 of Regulation Z promulgated pursuant to Section 105 of the Consumer Credit Protection Act; or
(5) Sales of personal wearing apparel, motor vehicles defined in G.S. 20-286(10), farm equipment and goods and services to be utilized within 10 days in connection with funeral services. (1971, c. 796, s. 1; 1973, c. 672.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 25A - Retail Installment Sales Act
§ 25A-2 - "Consumer credit sale" defined.
§ 25A-3 - "Payable in installments" defined.
§ 25A-7 - "Cash price" defined.
§ 25A-8 - "Finance charge" defined.
§ 25A-9 - "Amount financed" defined.
§ 25A-10 - "Official fees" defined.
§ 25A-11 - "Revolving charge account contract" defined.
§ 25A-12 - "Consumer credit installment sale contract" defined.
§ 25A-13 - "Consumer Credit Protection Act" defined.
§ 25A-14 - Finance charge rates and service charge for revolving charge account contracts.
§ 25A-15 - Finance charge rates for consumer credit installment sale contracts.
§ 25A-16 - Transfer of equity.
§ 25A-17 - Additional charges for insurance.
§ 25A-18 - Confession of judgment.
§ 25A-20 - Disclaimer of warranty.
§ 25A-22 - Receipts for payments; return of title documents upon full payment.
§ 25A-23 - Collateral taken by the seller.
§ 25A-24 - Identification of instruments of indebtedness.
§ 25A-25 - Preservation of consumers' claims and defenses.
§ 25A-26 - Substitution of collateral.
§ 25A-27 - Application of payments.
§ 25A-28 - Form of consumer credit installment sale contract.
§ 25A-31 - Consolidation and refinancing.
§ 25A-32 - Rebates on prepayment.
§ 25A-35 - Statement of account.
§ 25A-36 - Certificates of insurance and rebates.
§ 25A-38 - "Home-solicitation sale" defined.
§ 25A-39 - Buyer's right to cancel.
§ 25A-40 - Form of agreement or offer; statement of buyer's rights.
§ 25A-41 - Restoration of down payment; retention of goods.