North Carolina § 20-298 - 1. Provision of certain products and services to those covered under the Military Lending Act.
Full text of North Carolina North Carolina General Statutes § 20-298 — 1. Provision of certain products and services to those covered under the Military Lending Act., with citation guidance and answers to common questions.
§ 20-298. 1. Provision of certain products and services to those covered under the Military Lending Act.
A motor vehicle dealer that does not market or extend to a covered borrower a loan or credit transaction covered by Section 987 of Title 10 of the United States Code, or any subsequent amendments thereto, and Part 232 (commencing with Section 232.1) of Subchapter M of Chapter I of Subtitle A of Title 32 of the Code of Federal Regulations, or any subsequent amendments thereto, shall not be in violation of G.S. 127B-11 or otherwise under the law with respect to all transactions entered into on or after October 3, 2016, regardless of whether the motor vehicle dealer markets or extends the loan or credit transaction to other persons who are not covered borrowers. For purposes of this section, "covered borrower" has the same meaning as provided in Part 232 (commencing with Section 232.1) of Subchapter M of Chapter I of Subtitle A of Title 32 of the Code of Federal Regulations and any subsequent amendments thereto. History (2019-181, s. 4.) Editor's Note. - Session Laws 2019-181, s. 6, made this section effective July 26, 2019.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 20-298
What does North Carolina General Statutes § 20-298 cover?
Section 20-298 ("1. Provision of certain products and services to those covered under the Military Lending Act.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 20-298?
A common citation format is "North Carolina General Statutes § 20-298" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 20-298 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.