NC H1060

Modifies G.S. 25-3-311 to align North Carolina's accord and satisfaction law with the Uniform Commercial Code regarding disputed debts paid by negotiable instrument.

Allows a claim to be discharged when a person tenders a negotiable instrument as full satisfaction if the claim was unliquidated or disputed and the claimant obtains payment, provided the instrument contained a conspicuous statement of full satisfaction.

Adds a new exception allowing claims to remain undischarged if the claimant repays the instrument amount within 90 days after payment, unless the claimant previously sent a conspicuous statement designating a specific person or office for disputed debt communications.

Clarifies that a claim is discharged if the claimant knew the instrument was tendered as full satisfaction before collection was initiated.

Becomes effective October 1, 2016, and applies to negotiable instruments tendered in full satisfaction of claims on or after that date.