Chapter 25A. Retail Installment Sales Act. § 25A-44. Remedies and penalties., N.C. Gen. Stat. § 25A-44
Summary
In addition to remedies hereinbefore provided, the following remedies shall apply to consumer credit sales:
(1) In the event that a consumer credit sale contract requires the payment of a finance charge not more than two times in excess of that permitted by this Chapter, the seller or an assignee of the seller shall not be permitted to recover any finance charge under that contract and, in addition, the seller shall be liable to the buyer in an amount that is two times the amount of any finance charge that has been received by the seller, plus reasonable attorney’s fees incurred by the buyer as determined by the court. However, if the requirement of an excess charge results from an accidental or good faith error, the seller shall be liable only for the amount by which the finance charge exceeds the rates permitted by this Chapter.