reglab/housing_qa huggingface dataset:
NC Gen Stat § 53-232.3 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.3 - Authority to establish and operate federal international bank institutions, international bank branches, international bank agencies, and international representative offices.

 53-232.3. Authority to establish and operate federal international bank institutions, international bank branches, international bank agencies, and international representative offices.(a) An international banking corporation with a home state other than North Carolina may establish and operate, directly or indirectly, a federal international bank institution in this State in accordance with applicable federal law.(b) An international banking corporation with no home state may establish and operate, directly or indirectly, a federal international bank institution in this State in accordance with applicable federal law.(c) An international banking corporation with a home state other than North Carolina may establish and operate, directly or indirectly, an international bank branch, an international bank agency, or an international representative office in accordance with this Article and applicable federal law.(d) An international banking corporation with no home state may establish and operate, directly or indirectly, an international bank branch, an international bank agency, or an international representative office in accordance with this Article and applicable federal law.(e) For the purposes of this section, the home state of an international banking corporation that has branches, agencies, subsidiary commercial lending companies, or subsidiary banks, or any combination of branches, agencies, subsidiary commercial lending companies, or subsidiary banks in more than one state is whichever of the states is so elected by the international banking corporation. If the international banking corporation does not elect a home state, the Board of Governors of the Federal Reserve System or the Commissioner, as applicable, shall elect the home state. (1991, c. 679, s. 1.)
NC Gen Stat § 53-232.4 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.4 - Application of this Chapter.

 53-232.4. Application of this Chapter.(a) International banking corporations, other than federal international bank institutions, are subject to Articles 1 through 14 and Articles 17 and 18 of this Chapter, except where it appears, from the context or otherwise, that a provision is clearly applicable only to banks or trust companies organized under the laws of this State or the United States. An international banking corporation has no greater right under, or by virtue of, this Article than is granted to banks organized under the laws of this State.(b) Nothing in this Article is construed as granting any authority, directly or indirectly, for a domestic bank or domestic bank holding company, the operations of which are conducted principally outside this State, to operate a branch in this State or to acquire, directly or indirectly, any voting shares of, or interest in, or all or substantially all of the assets of a bank in this State. (1991, c. 679, s. 1.)
NC Gen Stat § 53-232.5 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.5 - Application of the North Carolina Business Corporation Act.

 53-232.5. Application of the North Carolina Business Corporation Act.Notwithstanding the definition of the term "foreign corporation" in G.S. 55-1-40(10), Article 15 of Chapter 55, relating to foreign corporations, where it is not inconsistent with Chapter 53, shall apply to all international banking corporations doing business in this State. (1991, c. 679, s. 1.)
NC Gen Stat § 53-232.6 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.6 - Requirements for carrying on banking business.

 53-232.6. Requirements for carrying on banking business.(a) No international banking corporation, other than a federal international bank institution, shall transact a banking business or maintain in this State any office for carrying on a banking business or any part of a banking business unless the corporation:(1) Is authorized by its Articles to carry on a banking business and has complied with the laws of the country under which it is chartered;(2) Has furnished to the Commissioner any proof as to the nature and character of its business and as to its financial condition as the Commissioner may require;(3) Has filed with the Commissioner:a. A duly executed instrument in writing, by its terms of indefinite duration and irrevocable, appointing the Commissioner its true and lawful attorney upon whom all process in any action against it may be served with the same force and effect as if it were a domestic corporation and had been lawfully served with process within the State;b. A written certificate of designation, which may be changed from time to time thereafter by the filing of a new certificate of designation, specifying the name and address of the officer, agent, or other person to whom the Commissioner shall forward the process; andc. A certified copy of that information required to be supplied by foreign corporations to the Secretary of State by Article 15 of Chapter 55 of the General Statutes.(4) Has paid to the Commissioner the fee established by regulation to defray the cost of investigation and supervision; and(5) Has received a license duly issued to it by the Commissioner.(b) The Commissioner shall not issue a license to an international banking corporation unless it is chartered in a foreign country that permits banks chartered in the United States or any of its states to establish similar facilities in that country. (1991, c. 679. s. 1.)
NC Gen Stat § 53-232.7 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.7 - Actions against international banking corporations.

 53-232.7. Actions against international banking corporations.(a) A resident of this State may maintain an action against an international banking corporation doing business in this State for any cause of action. For purposes of this subsection, the term "resident of this State" includes any individual domiciled in this State, or any corporation, partnership, or trust formed under the laws of this State.(b) An international banking corporation or a nonresident of this State may maintain an action against an international banking corporation doing business in this State in the following cases only:(1) Where the action is brought to recover damages for the breach of a contract made or to be performed within this State or relating to property situated within this State at the time of the making of the contract;(2) Where the subject matter of the litigation is situated within this State;(3) Where the cause of action arose within this State, except where the object of the action is to affect the title of real property situated outside this State; or(4) Where the action is based on a liability for acts done within this State by an international banking corporation or its international bank agency, international bank branch, or international representative office.(c) The limitations contained in subsection (b) of this section do not apply to a corporation formed and existing under the laws of the United States and that maintains an office in this State. (1991, c. 679, s. 1.)
NC Gen Stat § 53-232.11 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.11 - Financial certification; restrictions on investments, loans, and acceptances.

 53-232.11. Financial certification; restrictions on investments, loans, and acceptances.(a) Before opening an office in this State, and annually thereafter so long as a bank office is maintained in this State, an international banking corporation licensed under this Article shall certify to the Commissioner the amount of its paid-in capital, its surplus, and its undivided profits, each expressed in the currency of the country of its incorporation. The dollar equivalent of this amount, as determined by the Commissioner, is considered to be the amount of its capital, surplus, and undivided profits.(b) Purchases and discounts of bills of exchange, bonds, debentures, and other obligations and extensions of credit and acceptances by an international bank agency within this State are subject to the same limitations as to amount in relation to capital, surplus, and undivided profits as are applicable to banks organized under the laws of this State. With the prior approval of the Commissioner, the capital notes and capital debentures of the international banking corporation may be treated as capital in computing the limitations. (1991, c. 679, s. 1.)
NC Gen Stat § 53-232.12 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.12 - Reports.

 53-232.12. Reports.(a) An international banking corporation licensed under this Article shall, at the times and in the form prescribed by the Commissioner, make written reports in the English language to the Commissioner, under the oath of one of its officers, managers, or agents transacting business in this State, showing the amount of its assets and liabilities and containing any other matters required by the Commissioner. If an international banking corporation fails to make a report, as directed by the Commissioner, or if a report contains a false statement knowingly made, this is grounds for revocation of the license of the international banking corporation.(b) Repealed by Session Laws 2012-56, s. 22, effective October 1, 2012.  (1991, c. 679, s. 1; 2012-56, s. 22.)
NC Gen Stat § 53-232.13 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.13 - Dissolution.

 53-232.13. Dissolution.(a) When an international banking corporation licensed to maintain an international bank branch or an international bank agency in this State is dissolved or its authority or existence is otherwise terminated or canceled in the jurisdiction of its incorporation, a certificate of the official responsible for records of banking corporations of the jurisdiction of incorporation of the international banking corporation attesting to the occurrence of this event or a certified copy of an order or decree of a court of the jurisdiction directing the dissolution of the international banking corporation or the termination of its existence or the cancellation of its authority shall be delivered to the Commissioner. The filing of the certificate, order, or decree has the same effect as the revocation of the international banking corporation's license as provided in G.S. 53-232.9(d).(b) An international banking corporation that proposes to terminate the operation in this State of an international bank branch, an international bank agency, or an international representative office in this State shall comply with any procedures as the Commissioner may prescribe by rule to insure an orderly cessation of business in a manner that is not harmful to the public interest and shall surrender its license to the Commissioner or shall surrender its right to maintain an office in this State, as applicable.(c) The Commissioner shall continue as agent of the international banking corporation upon whom process against it may be served in any action based upon any liability or obligation incurred by the international banking corporation within this State before the filing of the certificate, order, or decree; and the Commissioner shall promptly cause a copy of the process to be mailed by registered or certified mail, return receipt requested, to the international banking corporation at the post office address specified for this purpose on file with the Commissioner's office. (1991, c. 679, s. 1.)
NC Gen Stat § 53-232.14 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.14 - International representative offices.

 53-232.14. International representative offices.(a) An international banking corporation that does not transact a banking business or any part of a banking business in or through an office in this State, but maintains an office in this State for other purposes is considered to have an international representative office in this State.(b) An international representative office located in this State shall register with the Commissioner annually on forms prescribed by the Commissioner. The registration shall be filed before January 31 of each year, shall be accompanied by a registration fee prescribed by regulation, and shall list the name of the local representative, the street address of the office, and the nature of the business to be transacted in or through the office.(c) The Commissioner may review the operations of an international representative office annually or at any greater frequency as is necessary to assure that the office does not transact a banking business.(d) An international banking corporation desiring to convert its existing registered international representative office to a licensed international bank branch or licensed international bank agency shall submit to the Commissioner the application required by G.S. 53-232.8, and is required to meet the minimum criteria for licensing of an international bank branch or licensed international bank agency under this Article.(e) An international representative office may act in a liaison capacity with existing and potential customers of an international banking corporation and in undertaking these activities may, through its employees or agents, without limitation, solicit loans, assemble credit information, make proprietary inspections and appraisals, complete loan applications and other preliminary paperwork in preparation for making a loan, but may not solicit or accept deposits. No international representative office shall conduct any banking business or part of a banking business in this State. (1991, c. 679, s. 1.)
NC Gen Stat § 53-232.15 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.15 - Rules.

 53-232.15. Rules.The Banking Commission may adopt rules necessary to implement this Article. (1991, c. 679, s. 1.)
NC Gen Stat § 53-232.16 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.16 - Cease and desist.

 53-232.16. Cease and desist.Upon a finding that any action of an international banking corporation or its international banking agency, international banking branch, or international representative office subject to this Article may be in violation of any North Carolina banking law, the Commissioner, after a reasonable notice to the international banking corporation, international bank agency, international bank branch, or international representative office and an opportunity for it to be heard, may order it to cease and desist from the action. If the international banking corporation, international bank agency, international bank branch, or international representative office fails to appeal the decision in accordance with G.S. 53-232.17 and continues to engage in the action in violation of the Commissioner's order to cease and desist the action, it is subject to a penalty of one thousand dollars ($1,000), to be recovered with costs by the Commissioner in any court of competent jurisdiction in a civil action prosecuted by the Commissioner. This penalty is in addition to and not in lieu of any other law applicable to the failure of an international banking corporation, international bank agency, international bank branch, or international representative office to comply with an order of the Commissioner. The clear proceeds of penalties provided for in this section shall be remitted to the Civil Penalty and Forfeiture Fund in accordance with G.S. 115C-457.2. (1991, c. 679, s. 1; 1998-215, s. 33.)
NC Gen Stat § 53-232.17 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 18A - North Carolina International Banking Act.|§ 53-232.17 - Appeal of Commissioner's decision.

 53-232.17. Appeal of Commissioner's decision.Any aggrieved party in a proceeding under this Article may, within 20 days after final decision of the Commissioner, appeal such decision in writing to the Banking Commission. An appeal under this section shall be made pursuant to G.S. 53C-2-6. Notwithstanding any other provision of law, any aggrieved party to a decision of the Banking Commission shall be entitled to petition for judicial review pursuant to G.S. 53C-2-6.  (1991, c. 679, s. 1; 1995, c. 129, s. 34; 2009-57, s. 7; 2012-56, s. 23.)
NC Gen Stat § 53-244.010 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 19B - The Secure and Fair Enforcement Mortgage Licensing Act.|§ 53-244.010 - Title.

 53-244.010. Title.This act may be cited as the "North Carolina Secure and Fair Enforcement (S.A.F.E.) Mortgage Licensing Act."  (2009-374, s. 2.)
NC Gen Stat § 53-244.020 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 19B - The Secure and Fair Enforcement Mortgage Licensing Act.|§ 53-244.020 - Purpose and construction.

 53-244.020. Purpose and construction.(a) Purpose. - A primary purpose of this Article is to protect consumers seeking mortgage loans and to ensure that the mortgage lending industry operates without unfair, deceptive, and fraudulent practices on the part of mortgage loan originators. Therefore, the General Assembly establishes within this Article an effective system of supervision and enforcement of the mortgage lending industry by giving the Commissioner of Banks broad administrative authority to administer, interpret, and enforce this Article and adopt rules implementing this Article in order to carry out the intentions of the General Assembly.(b) Construction. - It is the intent of the General Assembly that provisions of this Article be liberally construed to effect the purposes stated or clearly encompassed by the Article.  (2009-374, s. 2.)
NC Gen Stat § 53-244.070 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 19B - The Secure and Fair Enforcement Mortgage Licensing Act.|§ 53-244.070 - Educational requirements for mortgage loan originators.

 53-244.070. Educational requirements for mortgage loan originators.(a) In order to be eligible to apply for a mortgage loan originator license, an individual must complete at least 24 hours of prelicensing education approved in accordance with subsection (b) of this section, which shall include:(1) Three hours of federal law and regulations;(2) Three hours of ethics, including instruction on fraud, consumer protection, and fair lending issues;(3) Two hours of training related to lending standards for nontraditional mortgage products; and(4) Four hours of North Carolina laws and regulations.(b) Prelicensing education courses and the course providers shall be reviewed and approved by the Nationwide Mortgage Licensing System and Registry using reasonable standards consistently applied, subject to the Commissioner's approval of any course of study required by subdivision (a)(4) of this section. Review and approval of a prelicensing education course shall include review and approval of the course provider.(c) Nothing in this section shall preclude any prelicensing education course, approved by the Nationwide Mortgage Licensing System and Registry, that is provided by the employer of the applicant or an entity that is affiliated with the applicant by an agency contract, or any subsidiary or affiliate of the employer or entity.(d) Except as provided in subsection (e) of this section, prelicensing education may be offered only in a classroom or classroom equivalent setting, as approved by the Nationwide Mortgage Licensing System and Registry.(e) An individual having successfully completed the prelicensing educational requirements in any other state, if the requirements have been approved by the Nationwide Mortgage Licensing System and Registry, shall be given credit for those hours toward the completion of the prelicensing requirements in this State, other than the hours required under subdivision (a)(4) of this section.(f) An individual previously licensed under this Article whose license expires and who requests a late renewal of license pursuant to G.S. 53-244.101 must prove that the individual has completed all of the continuing education requirements for the preceding year.  (2009-374, s. 2.)
NC Gen Stat § 53-244.080 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 19B - The Secure and Fair Enforcement Mortgage Licensing Act.|§ 53-244.080 - Testing requirements for mortgage loan originators.

 53-244.080. Testing requirements for mortgage loan originators.(a) An individual must pass a qualified written test, as defined by subsection (b) of this section, developed by the Nationwide Mortgage Licensing System and Registry and administered by a test provider approved by the Nationwide Mortgage Licensing System and Registry. In addition, prior to licensure in this State, an individual must take a qualified written test that tests the individual's knowledge and comprehension of North Carolina law and regulation.(b) A written test shall not be treated as a qualified written test unless the test adequately measures the applicant's knowledge and comprehension in the following subject areas:(1) Ethics;(2) Federal law and regulation pertaining to mortgage origination;(3) North Carolina law and regulation pertaining to mortgage origination; and(4) Federal and North Carolina law and regulations relating to fraud, consumer protection, nontraditional mortgage products, and fair lending issues.(c) Nothing in this section shall prohibit a test provider approved by the Nationwide Mortgage Licensing System and Registry from providing a test at the location of the employer of the applicant or the location of any subsidiary or affiliate of the employer of the applicant, or the location of any entity which is licensed by North Carolina to engage in the mortgage lending business.(d) An applicant shall be considered to have passed a qualified written test provided the applicant achieves a test score of at least seventy-five percent (75%) correct answers to questions. In addition, an applicant shall not be considered to have passed a qualified written test if the individual did not achieve a test score of at least seventy-five percent (75%) correct answers to questions related to North Carolina law and regulation.(e) An applicant may retake a test three consecutive times with each consecutive test occurring at least 30 days after the preceding test. After failing three consecutive tests, an applicant must wait at least six months before retaking the test. A licensed mortgage loan originator who fails to maintain a valid license for a period of five years or longer must retake the test.  (2009-374, s. 2; 2013-412, s. 2.)