§ 58-70-85. Application of funds where there is a debtor-creditor relationship. - North Carolina Statutes

§58‑70‑85.  Application of funds where there is a debtor‑creditorrelationship.

If a creditor has listedaccounts with a permit holder for collection and also has had accounts on whichhe is debtor listed with the permit holder by any other creditors, collectionseffected in his behalf as a creditor may not be applied on accounts that heowes unless the permit holder has a written authorization on file as to how themoneys collected are to be applied. (1979, c. 835.)