§ 66-220. Short title and purpose. - North Carolina Statutes

Article30.

Credit Repair ServicesAct.

§ 66‑220.  Short titleand purpose.

(a)        This Article shallbe known and may be cited as the Credit Repair Services Act.

(b)        The GeneralAssembly recognizes that many of its citizens rely heavily on favorable creditratings in order to obtain goods and services, and that some of these citizensare unable to secure credit because of unfavorable credit histories. TheGeneral Assembly further recognizes that consumers sometimes need assistance inobtaining credit or in correcting erroneous credit histories, and that thisneed has given rise to the establishment of businesses organized for thepurpose of providing credit repair services.  The purpose of this Article is toensure that businesses offering credit repair services are providing theseservices in a manner that is fair and reasonable to the consuming public.  (1991,c. 327, s. 1.)