Record #:

31036

Author(s):

Not Given

Abstract:

In June, the North Carolina Consumer Finance Act was ratified, providing for loans up to $600. Loans are set out in dollar amounts rather than interest rates and installment payments are not to exceed the equivalent of $20 per every $100 borrowed.

Source:

We the People of North Carolina (NoCar F 251 W4), Vol. 19 Issue 5, October 1961, p27-26

Subject(s):

Loans--Law and legislation