Carolina Lease Management Group v. Greene
No. 21 CvD 134 (Jones Cty. Super. Ct., N.C.)
This case involves a class counterclaim filed in response to a replevin action. The counterclaim alleges that Mr. Greene and hundreds of others like him entered into a rent to own contract for storage sheds with Carolina Lease Management Group. The agreements provided that after 4 years of monthly payments, the sheds would be theirs. Under North Carolina law, this agreement is a retail installment sale, and the interest being charged is more than twice what North Carolina law allows. Mr. Greene alleges that Defendant violated Retail Installment Sales Act and engaged in unfair and deceptive practices by willfully violating the statutory interest rate caps, and that Defendant is engaging in unlawful debt collection by attempting to collect amounts that are barred by law.
The Court denied Defendant’s Motion for Summary Judgment on statute of limitations grounds in open court and has heard oral argument on class certification. The Court has delayed its ruling pending the outcome of the appeal in Bland v. Carolina Lease Management, another matter being litigated by NCLC and co-counsel.
Co-counsel: Lapas Law Offices
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