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"Payable in installments" defined.

G.S. 25A-3
in effect
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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. (1971, c. 796, s. 1.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25A/GS_25A-3.htmlFetched: 10/19/2026

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