North Carolina § 58-70-85 - Application of funds where there is a debtor-creditor relationship.
Full text of North Carolina North Carolina General Statutes § 58-70-85 — Application of funds where there is a debtor-creditor relationship., with citation guidance and answers to common questions.
§ 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. History (1979, c. 835.) PART 3. PROHIBITED PRACTICES BY COLLECTION AGENCIES ENGAGED IN THE COLLECTION OF DEBTS FROM CONSUMERS.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-70-85
What does North Carolina General Statutes § 58-70-85 cover?
Section 58-70-85 ("Application of funds where there is a debtor-creditor relationship.") 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 § 58-70-85?
A common citation format is "North Carolina General Statutes § 58-70-85" (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 § 58-70-85 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.