§ 25A-41. Restoration of down payment; retention of goods. - North Carolina Statutes

§25A‑41.  Restoration of down payment; retention of goods.

(a)        Except as providedin this section, within 10 business days after a home‑solicitation salehas been canceled or an offer to purchase revoked in accordance with G.S. 25A‑40,the seller must tender to the buyer any payments made by the buyer and any noteor other evidence of indebtedness.

(b)        If the down paymentincludes goods traded in, the goods must be tendered at the buyer's residencein substantially as good condition as when received by the seller. If theseller fails to tender the goods as provided by this section, the buyer mayelect to recover an amount equal to the trade‑in allowance stated in theagreement.

(c)        Repealed by SessionLaws 1975, c. 805, s. 3.

(d)        Until the sellerhas complied with the obligations imposed by this section, the buyer may retainpossession of goods delivered to him by the seller and has a lien on the goodsin his possession or control for any recovery to which he is entitled. (1971,c. 796, s. 1; 1975, c. 805, s. 3.)