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Application of funds where there is a debtor-creditor relationship.

G.S. 58-70-85
in effect
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§ 58-70-85.  Application of funds where there is a debtor-creditor relationship. If a creditor has listed accounts with a permit holder for collection and also has had accounts on which he is debtor listed with the permit holder by any other creditors, collections effected in his behalf as a creditor may not be applied on accounts that he owes unless the permit holder has a written authorization on file as to how the moneys collected are to be applied. (1979, c. 835.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-70-85.htmlFetched: 10/19/2026

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