North Carolina § 14-391 Usurious loans on household and kitchen furniture or assignment of wages

North Carolina Statutes

§ 14-391 — Usurious loans on household and kitchen furniture or assignment of wages

North Carolina § 14-391

Ch. 14Criminal Law

Art. 52Miscellaneous Police Regulations

Subch. XIGENERAL POLICE REGULATIONS

This text of North Carolina § 14-391 (Usurious loans on household and kitchen furniture or assignment of wages) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 14-391 (2026).

Text

Any person, firm or corporation who shall lend money in any manner whatsoever by note, chattel mortgage, conditional sale, or purported conditional sale or otherwise, upon any article of household or kitchen furniture, or any assignment of wages, earned or to be earned, and shall willfully:

(1)Take, receive, reserve or charge a greater rate of interest than permitted by law, either before or after the interest may accrue; or

(2)Refuse to give receipts for payments on interest or principal of such loan; or

(3)Fail or refuse to surrender the note and security when the same is paid off or a new note and mortgage is given in renewal, unless such new mortgage shall state the amount still due by the old note or mortgage and that the new one is given as additional security; shall be guilty of

Free access — add to your briefcase to read the full text and ask questions with AI

Any person, firm or corporation who shall lend money in any manner whatsoever by note, chattel mortgage, conditional sale, or purported conditional sale or otherwise, upon any article of household or kitchen furniture, or any assignment of wages, earned or to be earned, and shall willfully:
(1) Take, receive, reserve or charge a greater rate of interest than permitted by law, either before or after the interest may accrue; or
(2) Refuse to give receipts for payments on interest or principal of such loan; or
(3) Fail or refuse to surrender the note and security when the same is paid off or a new note and mortgage is given in renewal, unless such new mortgage shall state the amount still due by the old note or mortgage and that the new one is given as additional security;
shall be guilty of a Class 1 misdemeanor and in addition thereto shall be subject to the provisions of G.S. 24-2. (1907, c. 110; C.S., s. 4509; 1927, c. 72; 1959, c. 195; 1977, c. 807; 1993, c. 539, s. 259; 1994, Ex. Sess., c. 24, s. 14(c).)
§§ 14-392 through 14-393: Repealed by Session Laws 1989, c. 508, s. 4.