North Carolina Statutes

§ 25A-38 — "Home-solicitation sale" defined

North Carolina·Ch. 25A Retail Installment Sales Act

"Home-solicitation sale" means a consumer credit sale of goods or services in which the seller or a person acting for him engages in a personal solicitation of the sale at a residence of the buyer and the buyer's agreement or offer to purchase is there given to the seller or a person acting for him. It does not include

(1)A sale made to a buyer who has previously engaged in a similar business transaction with the seller;
(2)A sale made pursuant to a preexisting revolving charge account;
(3)A sale made pursuant to negotiations between the parties on the premises of a business establishment at a fixed location where such goods or services are offered or exhibited for sale;
(4)A sale which is regulated by the provisions of Section 226.9 of Regulation Z promulgated pursuant to Section 105

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