State Codes and Statutes
Statutes > North-carolina > Chapter_25A > GS_25A-10§25A‑10. "Official fees" defined.
"Official fees"means:
(1) Fees and chargesprescribed by law which actually are or will be paid to public officials fordetermining the existence of or for perfecting, releasing, or satisfying asecurity interest related to a consumer credit sale; or
(2) Premiums payable forinsurance in lieu of perfecting a security interest otherwise required by theseller in connection with a consumer credit sale if the premium does not exceedthe fees or charges described in subdivision (1) of this section which wouldotherwise be payable. (1971, c. 796, s. 1.)
