NC General Statutes

N.C. Gen. Stat. § 20-303 (2026)

Installment sales to be evidenced by written instrument; statement to be delivered to buyer

✓ current as of July 2026

Find cases: SyfertCases citing this section NCLEGncleg.gov (official) JustiaChapter 20 CornellLII Search CasesGoogle Scholar

(a) Every retail installment sale shall be evidenced by one or more instruments in writing, which shall contain all the agreements of the parties and shall be signed by the buyer.

(b) For every retail installment sale, prior to or about the time of the delivery of the motor vehicle, the seller shall deliver to the buyer a written statement describing clearly the motor vehicle sold to the buyer, the cash sale price thereof, the cash paid down by the buyer, the amount credited the buyer for any trade-in and a description of the motor vehicle traded, the amount of the finance charge, the amount of any other charge specifying its purpose, the net balance due from the buyer, the terms of the payment of such net balance and a summary of any insurance protection to be effected. The written statement shall be signed by the buyer. (1955, c. 1243, s. 19; 2007-513, s. 1.)

Notes of Decisions

Cited in 3 cases, 1982–2009 · leading case: Comer v. Person Auto Sales, Inc., 368 F. Supp. 2d 478 (M.D.N.C. 2005).

Sort: Relevance Newest Treatment

Comer v. Person Auto Sales, Inc., 368 F. Supp. 2d 478 (M.D.N.C. 2005). · cites it 12× “1 ), and violations of N.C. Gen. Stat. § 20-303 (b) (Count IV). All counts are filed against Person; all counts except Count I are also filed against Wachovia.”

Brown v. Doug Griffith Dodge City, Inc., 452 A.2d 984 (Md. Ct. Spec. App. 1982). “A few states dictate that the seller deliver to the buyer a writing, but not necessarily the contract itself, containing the agreement of the parties: North Carolina — N.C. Gen. Stat. § 20-303 (1978); Rhode Island — R.”

Clark v. Alan Vester Auto Grp., Inc., 2009 NCBC 17 (N.C. Bus. Ct. 2009). “” G.S. 20-303. Further, the North Carolina Dealer Regulations 2 provide that the dealer must document in writing the cash paid down by the customer.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.