RALEIGH, N.C. (AP) - For the first time, North Carolina Gov. Roy Cooper has allowed a bill to become law without his signature.
Legislation presented to him earlier this month increased the fee that companies could charge someone who is excessively late on their regular installment payment for something he or she has purchased.
Cooper had until Monday to sign the bill or veto it. Since he did neither, the legislation is now law.
The previous law had limited the default charge to no more than 5 percent of the installment payment or $6, whichever was less. Now any fee incurred would be a flat $15.
The governor has already vetoed five pieces of legislation, including the two-year state budget on Tuesday.
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