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Session Laws, 1954
Volume 604, Page 259   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 259


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(B) THE FINANCE CHAEGE IMPOSED ON THE
SALE OF A MOTOR VEHICLE SHALL NOT EXCEED
THE FOLLOWING RATES:

CLASS 1. ANY NEW MOTOR VEHICLE—$9 PER
$100 PER YEAR ON THE PRINCIPAL BALANCE.

CLASS 2. ANY USED MOTOR VEHICLE DESIG-
NATED BY THE MANUFACTURER BY A YEAR
MODEL NOT MORE THAN TWO YEARS PRIOR TO
THE YEAR IN WHICH THE SALE IS MADE—$12 PER
$100 PER YEAR ON THE PRINCIPAL BALANCE.

CLASS 3. ANY USED MOTOR VEHICLE DESIG-
NATED BY THE MANUFACTURER BY A YEAR
MODEL MORE THAN TWO YEARS PRIOR TO THE
YEAR IN WHICH THE SALE IS MADE—$15 PER $100
PER YEAR ON THE PRINCIPAL BALANCE.


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C) NO SERVICE CHARGE OR OTHER CHARGE
NOT SPECIFICALLY PROVIDED FOR HEREIN
SHALL BE INCLUDED IN A RETAIL INSTALMENT
SALE OF MOTOR VEHICLES.


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Session Laws, 1954
Volume 604, Page 259   View pdf image (33K)
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