North Carolina 2023-2024 Session Status: Enacted 1 R cosponsors

SB 329 — Retail Installment Sales Act Amendments.

Last action — Veto Overridden

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced March 16, 2023. Enacted.

Prognosis

Likely to advance 74% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 3 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

37 added · 36 removed

Plain-language change summary

In the updated version of Senate Bill 329, the amount of a default charge that can be applied has increased from $15 to $20. This change matters because it raises the potential financial penalty for individuals who may miss a payment, thereby impacting their overall financial obligations under the contract. A single default charge can still be imposed, which aims to strike a balance between enforcing payment discipline and providing some protection for consumers.

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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2023 S 2 SENATE BILL 329 Finance Committee Substitute Adopted 4/25/23 Short Title:
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2023 S 1 SENATE BILL 329 Short Title:
Senators Perry and Britt (Primary Sponsors).
March 20, 2023 A BILL TO BE ENTITLED AN ACT TO AMEND THE RETAIL INSTALLMENT SALES ACT.
Rules and Operations of the Senate March 20, 2023 A BILL TO BE ENTITLED AN ACT TO AMEND THE RETAIL INSTALLMENT SALES ACT.
(b) Except as provided in this section, the finance charge rate imposed for a consumer credit installment sale contract shall not exceed the followingrate except that a minimum finance charge of five dollars ($5.00) may be imposed:
(b) Except as provided in this section, the finance charge rate imposed for a consumer credit installment sale contract shall not exceed the following rate twenty-four percent (24%) per annum except that a minimum finance charge of five dollars ($5.00) may be imposed:imposed.
(4)(2) Eighteen percent (18%) Twenty-one percent (21%) per annum where the amount financed is three thousand dollars ($3,000) or greater.
(4) Eighteen percent (18%) per annum where the amount financed is three thousand dollars ($3,000) or greater.
(1) Eighteen percent (18%) per annum for vehicles one and two model years old.
(1) Eighteen percent (18%) Twenty percent (20%) per annum for vehicles one and two model years old.
(2) Twenty percent (20%) per annum for vehicles one to three model years old.
(2) Twenty percent (20%) Twenty-two percent (22%) per annum for vehicles three model years old.
(3)(2) Twenty-two percent (22%) Twenty-six percent (26%) per annum for vehicles four to five model years old.
(3) Twenty-two percent (22%) Twenty-four percent (24%) per annum for vehicles four model years old.
(4)(3) Twenty-nine percent (29%) Thirty percent (30%) per annum for vehicles five six model years old and older.
(4) Twenty-nine percent (29%) Thirty-one percent (31%) per annum for vehicles five model years old and older.
…." SECTION 2.
*S329-v-1* General Assembly Of North Carolina Session 2023 …." SECTION 2.
*S329-v-2* General Assembly Of North Carolina Session 2023 "§ 25A-29.
"§ 25A-29.
eighteen dollars ($18.00).
twentydollars ($20.00).
Page 2 Senate Bill 329-Second Edition
Page 2 Senate Bill 329-First Edition
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Action History

  1. Veto Overridden

  2. Ch. SL 2023-60

  3. Withdrawn From Cal

  4. Placed On Cal For 06/27/2023

  5. Veto Received from Senate

  6. Referred To Rules, Calendar, and Operations of the House

  7. Withdrawn From Com

  8. Placed On Cal For 06/28/2023

  9. Ref To Com On Rules and Operations of the Senate

  10. Withdrawn From Com

  11. Placed on Today's Calendar

  12. Veto Overridden

  13. Vetoed 06/19/2023

  14. Pres. To Gov. 6/9/2023

  15. Ratified

  16. Passed 2nd Reading

  17. Passed 3rd Reading

  18. Ordered Enrolled

  19. Reptd Fav

  20. Re-ref Com On Rules, Calendar, and Operations of the House

  21. Reptd Fav

  22. Cal Pursuant Rule 36(b)

  23. Placed On Cal For 06/07/2023

  24. Withdrawn From Com

  25. Re-ref to the Com on Banking, if favorable, Rules, Calendar, and Operations of the House

  26. Passed 1st Reading

  27. Ref To Com On Rules, Calendar, and Operations of the House

  28. Regular Message Sent To House

  29. Regular Message Received From Senate

  30. Passed 2nd Reading

  31. Passed 3rd Reading

  32. Reptd Fav

  33. Reptd Fav Com Substitute

  34. Com Substitute Adopted

  35. Re-ref Com On Rules and Operations of the Senate

  36. Withdrawn From Com

  37. Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate

  38. Passed 1st Reading

  39. Ref To Com On Rules and Operations of the Senate

  40. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 177 not signed on · 13 voted No

Sponsors (1)

  • Perry

Co-sponsors (1)

Not signed on (177)

177 members have not signed on to this bill.

Show all 177 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Motion 11 Veto Override

Passed 31 Yea · 16 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 5300
Republican 26000
Democratic 01303
Total 311603
% of votes cast 62%32%0%6%
How each member voted (50)
Member Party Vote
Woodard — Yea
Krawiec — Yea
Perry — Yea
Proctor — Yea
Bode — Nay
Hunt — Nay
Marcus — Nay
P. Newton — Yea
Dan Blue Democratic Not Voting
DeAndrea Salvador Democratic Nay
Gale Adcock Democratic Not Voting
Gladys A. Robinson Democratic Nay
Graig Meyer Democratic Nay
Jay J. Chaudhuri Democratic Nay
Joyce Waddell Democratic Nay
Julie Mayfield Democratic Nay
Kandie D. Smith Democratic Nay
Lisa Grafstein Democratic Nay
Michael Garrett Democratic Nay
Mujtaba A. Mohammed Democratic Nay
Natalie S. Murdock Democratic Not Voting
Paul A. Lowe, Jr. Democratic Nay
Sydney Batch Democratic Nay
Val Applewhite Democratic Nay
Amy S. Galey Republican Yea
Benton G. Sawrey Republican Yea
Bill Rabon Republican Yea
Bobby Hanig Republican Yea
Brad Overcash Republican Yea
Brent Jackson Republican Yea
Carl Ford Republican Yea
Danny Earl Britt, Jr. Republican Yea
David W. Craven, Jr. Republican Yea
Eddie D. Settle Republican Yea
Jake Johnson Republican Yea
Jim Burgin Republican Yea
Kevin Corbin Republican Yea
Lisa S. Barnes Republican Yea
Michael A. Lazzara Republican Yea
Michael V. Lee Republican Yea
Norman W. Sanderson Republican Yea
Paul Newton Republican Yea
Phil Berger Republican Yea
Ralph Hise Republican Yea
Steve Jarvis Republican Yea
Timothy D. Moffitt Republican Yea
Tom McInnis Republican Yea
Vickie Sawyer Republican Yea
W. Ted Alexander Republican Yea
Warren Daniel Republican Yea

Official roll call →

A00R2____pass

Passed 116 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 9000
Unaffiliated 105002
Democratic 2000
U 0001
Total 116003
% of votes cast 97%0%0%3%
How each member voted (119)
Member Party Vote
Allen, Gordon P. — Yea
Allred, Cary — Yea
Arnold, Gene — Yea
Baddour, Philip A., Jr. — Yea
Baker, Rex — Yea
Barbee, Bobby — Yea
Barefoot, Daniel W. — Yea
Berry, Cherie — Yea
Black, Jim (Speaker) — Yea
Bonner, Donald A. — Yea
Bowie, Joanne — Yea
Braswell, Jerry — Yea
Bridgeman, John — Yea
Brown, John — Yea
Brubaker, Harold J. — Yea
Buchanan, Monroe — Yea
Cansler, Lanier — Yea
Capps, Russell — Yea
Carpenter, Jim — Not Voting
Church, Walter — Yea
Clary, Debbie — Yea
Cole, E. Nelson — Yea
Cox, A. Leslie — Yea
Creech, Billy — Yea
Culp, Arlie — Yea
Culpepper, Bill — Yea
Daughtry, Leo — Yea
Decker, Michael P. — Yea
Dedmon, Andrew T. — Yea
Dockham, Jerry — Yea
Earle, Beverly — Yea
Easterling, Ruth — Yea
Edwards, Zeno L. — Yea
Ellis, Sam — Yea
Esposito, Theresa — Yea
Fitch, Jr., Toby — Yea
Fox, Stan — Yea
Gardner, Charlotte — Yea
Gibson, Pryor A. — Yea
Grady, Robert — Yea
Gray, Lyons — Yea
Gulley, Jim — Yea
Hackney, Joe — Yea
Haire, R. Phillip — Yea
Hardaway, Thomas C. — Yea
Hensley, Robert — Yea
Hiatt, Bill — Yea
Hill, Dewey — Yea
Holmes, George M. — Yea
Horn, W. James — Yea
Hunter, Howard — Yea
Hurley, Bill — Yea
Insko, Verla C. — Yea
Jarrell, Mary L. — Yea
Jeffus, Margaret M. — Yea
Justus, Larry — Yea
Kinney, Theodore J. — Yea
Kiser, Joe — Yea
Luebke, Paul — Yea
Mcallister, Mary — Yea
Mccomas, Danny — Yea
Mccombs, Gene — Yea
Mccrary, Paul — Yea
Mclawhorn, Marian N. — Yea
Mcmahan, Ed — Yea
Melton, O. Max — Yea
Michaux, Jr., Mickey — Yea
Miner, David — Yea
Mitchell, William F. — Yea
Moore, Richard L. — Yea
Morgan, Richard T. — Yea
Morris, Amelia A. H. — Yea
Mosley, Jane H. — Yea
Nesbitt, Martin L., Jr. — Yea
Nye, Edd — Yea
Oldham, Warren C. — Yea
Owens, Jr., William C. — Yea
Pope, Art — Yea
Preston, Jean R. — Yea
Ramsey, Liston B. — Yea
Rayfield, John M. — Yea
Redwine, E. David — Yea
Rogers, Richard E. — Yea
Russell, Carolyn B. — Yea
Saunders, Drew P. — Yea
Sexton, Paul W. — Yea
Sherrill, Wilma M. — Yea
Starnes, Edgar V. — Yea
Sutton, Ronnie N. — Yea
Tallent, Timothy N. — Yea
Teague, W. B. — Yea
Thomas, Scott E. — Yea
Thompson, Gregory J. — Yea
Tolson, Joe — Yea
Tucker, Russell E. — Yea
Wainwright, William L. — Yea
Walend, Trudi — Yea
Warner, Alex — Yea
Warwick, Nurham O. — Yea
Wilson, Constance K. — Not Voting
Wilson, William Eugene — Yea
Womble, Larry W. — Yea
Wood, Stephen W. — Yea
Wright, Thomas E. — Yea
Yongue, Douglas Y. — Yea
D. Davis — Yea
R. Smith — Yea
Dan Blue Democratic Yea
Sarah Crawford Democratic Yea
Blair Eddins Republican Yea
Charles W. Miller Republican Yea
Edward C. Goodwin Republican Yea
Harry Warren Republican Yea
Jay Adams Republican Yea
Julia C. Howard Republican Yea
Karl E. Gillespie Republican Yea
Mitchell S. Setzer Republican Yea
W. Ted Alexander Republican Yea
Carla D. Cunningham U Not Voting

Official roll call →

A00R2____pass

Passed 48 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 44002
Republican 3000
Democratic 1000
Total 48002
% of votes cast 96%0%0%4%
How each member voted (50)
Member Party Vote
Albertson, Charles W. — Yea
Allran, Austin M. — Yea
Ballance, Jr., Frank W. — Yea
Ballantine, Patrick J. — Yea
Basnight, Marc — Yea
Carpenter, Robert C. — Yea
Carrington, John — Yea
Carter, Charles — Yea
Clodfelter, Daniel G. — Yea
Cochrane, Betsy L. — Yea
Cooper Iii, Roy A. — Yea
Dalton, Walter — Yea
Dannelly, Charlie Smith — Yea
East, Don W. — Yea
Forrester, James — Yea
Foxx, Virginia — Yea
Garrou, Linda — Yea
Garwood, John A. — Yea
Gulley, Wib — Yea
Hagan, Kay — Yea
Harris, Oscar — Yea
Hartsell, Jr., Fletcher L. — Yea
Horton, Jr., Hamilton C. — Yea
Hoyle, David W. — Yea
Jordan, Jr., Luther Henry — Yea
Kerr, John H. — Yea
Kinnaird, Ellie — Yea
Lucas, Jeanne Hopkins — Yea
Martin, R. L. — Yea
Martin, William N. — Yea
Metcalf, Steve — Yea
Moore, Ken — Yea
Odom, T. L. — Yea
Perdue, Beverly M. — Yea
Phillips, Sr., Jim — Yea
Plyler, Aaron W. — Yea
Purcell, William R. — Yea
Rand, Anthony E. — Yea
Reeves, Eric Miller — Not Voting
Rucho, Robert A. — Yea
Shaw, Robert G. — Yea
Shaw, Larry — Not Voting
Soles, Jr., R. C. — Yea
Webster, Hugh — Yea
Weinstein, David — Yea
Wellons, Allen H. — Yea
Gladys A. Robinson Democratic Yea
Charles W. Miller Republican Yea
Harry Warren Republican Yea
Michael V. Lee Republican Yea

Official roll call →

Subjects

taxation finance
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Frequently asked questions

Who sponsors SB 329?
SB 329 is sponsored by Perry and Danny Earl Britt, Jr. (Republican).
What is the current status of SB 329?
This bill has been enacted into law. Introduced March 16, 2023. Enacted.
Where can I track SB 329?
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Last checked for changes 3 months ago · updated continuously

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