§ 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 assignmentof wages.

Any person, firm orcorporation who shall lend money in any manner whatsoever by note, chattelmortgage, conditional sale, or purported conditional sale or otherwise, uponany 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, eitherbefore or after the interest may accrue; or

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

(3)        Fail or refuse tosurrender the note and security when the same is paid off or a new note andmortgage is given in renewal, unless such new mortgage shall state the amountstill due by the old note or mortgage and that the new one is given asadditional security;

shall be guilty of a Class 1misdemeanor 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).)