§ 66-201. Definitions. - North Carolina Statutes

§ 66‑201.  Definitions.

As used in this Article:

(1)        "Collisiondamage waiver" means any contract or contractual provision, whetherseparate from or a part of a rental agreement, whereby the rental car companyagrees for a charge to waive any and all claims against the renter for anydamages to the rented vehicle during the term of the rental agreement.

(2)        "Damage"means any damage or loss to the rented vehicle, including loss of use and anycosts and expenses incident to the damage or loss.

(3)        "Person" includesan individual, aggregation of individuals, corporation, company, association,or partnership.

(4)        "Rentalagreement" means any written agreement setting forth the terms and theconditions governing the use of a vehicle provided by the rental car company.

(5)        "Rental carcompany" means any person in the business of providing vehicles to thepublic.

(6)        "Renter"means any person obtaining the use of a vehicle from a rental car company underthe terms of a rental agreement.

(7)        "Vehicle"means a motor vehicle of the private passenger type including passenger vansand minivans that are primarily intended for transport of persons.

(8)        "Vehiclelicense and registration fees" means charges that may be imposed upon anyrental transaction originating in this State to recoup the costs incurred by arental car company to license, title, inspect, and register rental vehicles.Rental car companies shall make a good faith effort to ensure that any vehiclelicense and registration fees collected do not exceed the actual costs incurredby the rental car company to license, title, inspect, and register rentalvehicles. Any amounts collected by the rental car company in excess of theactual amount of its costs incurred shall be retained by the rental car companyand applied to the costs incurred in the next calendar year for licensing,titling, inspecting, and registering rental vehicles. In that event, the goodfaith estimate of any vehicle license and registration fees to be charged bythe company in the next calendar year shall be reduced to take into account theexcess amount collected from the prior year. (1989, c. 631, s. 2; c. 770, s. 62; 2007‑235, s.1.)