Section 25A-10 - "Official fees" defined"Official fees" means any of the following:
(1) Fees and charges prescribed by law that actually are or will be paid by the seller for determining the existence of or for perfecting, releasing, or satisfying a security interest related to a consumer credit sale.(2) Premiums payable for insurance in lieu of perfecting a security interest otherwise required by the seller in connection with a consumer credit sale if the premium does not exceed the fees or charges described in subdivision (1) of this section that would otherwise be payable.Amended by 2021 N.C. Sess. Laws 159,s. 2-a, eff. 10/1/2021, and applies to contracts entered into, renewed, or modified on or after that date.