reglab/housing_qa huggingface dataset:
NC Gen Stat § 53-178 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-178 - No further charges; no splitting contracts; certain contracts void.

 53-178. No further charges; no splitting contracts; certain contracts void.No further or other charges or insurance commissions shall be directly or indirectly contracted for or received by any licensee, affiliate, parent, subsidiary, or licensee under the same ownership, management, or control, whether partial or complete, except those specifically authorized by this Article, by the Commissioner under G.S. 53-172 or any other statute. No licensee shall divide into separate parts any contract made for the purpose of or with the effect of obtaining interest or charges in excess of those authorized by this Article. All balances due to a licensee from any person as a borrower or as an endorser, guarantor or surety for any borrower or otherwise jointly or severally, shall be considered a part of any loan being made by a licensee to such person for the purpose of computing interest or charges, or exceeding the maximum amount of fifteen thousand dollars ($15,000).  (1961, c. 1053, s. 1; 1991 (Reg. Sess., 1992), c. 765, s. 2; 2015-179, s. 2.)
NC Gen Stat § 53-181 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-181 - Statements and information to be furnished to borrowers; power of attorney or confession of judgment prohibited.

 53-181. Statements and information to be furnished to borrowers; power of attorney or confession of judgment prohibited.(a) Contents of Statement Furnished to Borrower. - At the time a loan is made, the licensee shall deliver to the borrower, or if there be two or more borrowers, to one of them a copy of the loan contract, or a written statement, showing in clear and distinct terms:(1) The name and address of the licensee and one of the primary obligors on the loan;(2) The date of the loan contract;(3) Schedule of installments or descriptions thereof;(4) The cash advance;(5) The face amount of the note evidencing the loan;(6) The amount collected or paid for insurance, if any;(7) The amount collected or paid for filing or other fees allowed by this Article;(8) The collateral or security for the loan;(9) If the loan refinances a previous loan, the following relating to the refinanced loan: (i) the principal balance due; (ii) interest charged that is included in the new loan; and (iii) rebates on any credit insurance, listed separately.(10) In addition to any disclosures otherwise provided by law, a licensee soliciting loans using a facsimile or negotiable check shall provide the disclosures required by G.S. 75-20(a).(b) Schedule of Charges, etc., to Be Made Available; Copy Filed with Commissioner. - Each licensee doing business in North Carolina shall make readily available to the borrower at each place of business such full and accurate schedule of charges and insurance premiums, including refunds and rebates, on all classes of loans currently being made by such licensee, as the Commissioner shall prescribe, and a copy thereof shall be filed in the office of the Commissioner of Banks.(c) Power of Attorney or Confession of Judgment Prohibited. - No licensee shall take any confession of judgment or permit any borrower to execute a power of attorney in favor of any licensee or in favor of any third person to confess judgment or to appear for the borrower in any judicial proceeding and any such confession of judgment or power of attorney to confess judgment shall be absolutely void. (1955, c. 1279; 1961, c. 1053, s. 1; 1989, c. 17, s. 9; 2001-519, s. 6.)
NC Gen Stat § 53-182 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-182 - Payment of loans; receipts.

 53-182. Payment of loans; receipts.(a) After each payment made on account of any loan, the licensee shall give to the person making such payment a signed, dated receipt showing the amount paid and the balance due on the loan. No receipt shall be required in the case of payments made by the borrower's check or money order, where the entire proceeds of the check or money order are applied to the loan. The use of a coupon book system shall be deemed in compliance with this section.(b) Upon payment of any loan in full, a licensee shall cancel and return to the borrower, within a reasonable length of time, originals or copies of any note, assignment, mortgage, deed of trust, or other instrument securing such loan, which no longer secures any indebtedness of the borrower to the licensee. (1955, c. 1279; 1961, c. 1053, s. 1; 2001-519, s. 7.)
NC Gen Stat § 53-183 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-183 - Advertising, broadcasting, etc., false or misleading statements.

 53-183. Advertising, broadcasting, etc., false or misleading statements.No licensee subject to this Article shall advertise, display, distribute, telecast, or broadcast or cause or permit to be advertised, displayed, distributed, telecasted, or broadcasted, in any manner whatsoever, any false, misleading, or deceptive statement or representation with regard to the rates, terms, or conditions of loans. The Commissioner may require that charges or rates of charge, if stated by a licensee, be stated fully and clearly in such manner as he may deem necessary to prevent misunderstanding thereof by prospective borrowers. The Commissioner may permit or require licensees to refer in their advertising to the fact that their business is under State supervision, subject to conditions imposed by him to prevent an erroneous impression as to the scope or degree of protection provided by this Article. (1957, c. 1429, s. 3; 1961, c. 1053, s. 1.)
NC Gen Stat § 53-185 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-185 - Rules and regulations by Banking Commission and Commissioner.

 53-185. Rules and regulations by Banking Commission and Commissioner.The State Banking Commission is hereby authorized, empowered and directed to make all rules and regulations deemed by the Commission to be necessary in implementing this Article and in providing for the protection of the borrowing public and the efficient management of such licensees and to give all necessary instructions to such licensees for the purpose of interpreting this Article; provided, the Commissioner is hereby authorized to make such rules and regulations and issue such orders as he deems necessary and desirable in implementing and carrying out the provisions of G.S. 53-184. And it shall be the duty of all such licensees, their officers, agents and employees, to comply fully with all such rules, regulations and instructions. When promulgated, any rule or regulation shall be forwarded by mail to each licensee at its licensed place of business at least 20 days prior to its effective date. (1955, c. 1279; 1961, c. 1053, s. 1.)
NC Gen Stat § 53-186 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-186 - Commissioner to issue subpoenas, conduct hearings, give publicity to investigations, etc.

 53-186. Commissioner to issue subpoenas, conduct hearings, give publicity to investigations, etc.The Commissioner of Banks shall have the power and duty to issue subpoenas including subpoenas duces tecum, and compel attendance of witnesses, administer oaths, conduct hearings and transcribe testimony in making the investigations and conducting the hearings provided for herein or in the other discharge of his duties, and to give such publicity to his investigations and findings as he may deem best for the public interest. (1957, c. 1429, s. 5; 1961, c. 1053, s. 1.)
NC Gen Stat § 53-187 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-187 - Injunctive powers; receivers.

 53-187. Injunctive powers; receivers.Whenever the Commissioner has reasonable cause to believe that any person is violating or is threatening to violate any provision of this Article, he may in addition to all actions provided for in this Article, and without prejudice thereto, enter an order requiring such person to desist or to refrain from such violation; and an action may be brought in the name of the Commissioner on the relation of the State of North Carolina to enjoin such person from engaging in or continuing such violation or from doing any act or acts in furtherance thereof. In any such action an order or judgment may be entered awarding such preliminary or final injunction as may be deemed proper. In addition to all other means provided by law for the enforcement of a restraining order or injunction, the court in which such action is brought shall have power and jurisdiction to impound, and to appoint a receiver for the property and business of the defendant, including books, papers, documents and records pertaining thereto or so much thereof as the court may deem reasonably necessary to prevent violations of this Article through or by means of the use of said property and business. Such receiver, when appointed and qualified, shall have such powers and duties as to custody, collection, administration, winding up, and liquidation of such property and business as shall from time to time be conferred upon him by the court. (1957, c. 1429, s. 6; 1961, c. 1053, s. 1.)
NC Gen Stat § 53-188 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-188 - Review of regulations, order or act of Commission or Commissioner.

 53-188. Review of regulations, order or act of Commission or Commissioner.The Commission may review any rule, regulation, order or act of the Commissioner done pursuant to or with respect to the provisions of this Article. Any person aggrieved by any such rule, regulation, order or act may appeal, pursuant to G.S. 53C-2-6(b), to the Commission for review upon giving notice in writing within 20 days after such rule, regulation, order or act complained of is adopted, issued or done. Notwithstanding any other provision of law to the contrary, any aggrieved party to a decision of the Commission shall be entitled to petition for judicial review pursuant to G.S. 53C-2-6(b).  (1957, c. 1429, s. 6; 1961, c. 1053, s. 1; 1973, c. 1331, s. 3; 1987, c. 827, s. 13; 1995, c. 129, s. 29; 2009-57, s. 2; 2012-56, s. 13.)
NC Gen Stat § 53-189 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-189 - Insurance.

 53-189. Insurance.(a) Credit life, credit accident and health, credit unemployment, and credit property insurance may be written in accordance with the provisions of Article 57 of Chapter 58 of the General Statutes.(b) The premium or cost of credit life, credit accident and health, credit unemployment, or credit property insurance, when written by or through any lender or other creditor, its affiliate, associate or subsidiary shall not be deemed as interest or charges or consideration or an amount in excess of permitted charges in connection with the loan or credit transaction and any gain or advantage to any lender or other creditor, its affiliate, associate or subsidiary, arising out of the premium or commission or dividend from the sale or provision of such insurance shall not be deemed a violation of any other law, general or special, civil or criminal, of this State, or of any rule, regulation or order issued by any regulatory authority of this State. (1961, c. 1053, s. 1; 1969, c. 1303, s. 25; 1975, c. 660, s. 2; 1981, c. 759, s. 10; c. 876; 1987, c. 826, s. 10; 1993, c. 226, s. 14.)
NC Gen Stat § 53-190 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-190 - Loans made elsewhere.

 53-190. Loans made elsewhere.(a) No loan contract made outside this State in the amount or of the value of fifteen thousand dollars ($15,000) or less, for which greater consideration or charges than are authorized by G.S. 53-173 and G.S. 53-176 of this Article have been charged, contracted for, or received, shall be enforced in this State. Provided, the foregoing shall not apply to loan contracts in which all contractual activities, including solicitation, discussion, negotiation, offer, acceptance, signing of documents, and delivery and receipt of funds, occur entirely outside North Carolina.(b) If any lender or agent of a lender who makes loan contracts outside this State in the amount or of the value of fifteen thousand dollars ($15,000) or less, comes into this State to solicit or otherwise conduct activities in regard to such loan contracts, then such lender shall be subject to the requirements of this Article.(c) No lender licensed to do business under this Article may collect, or cause to be collected, any loan made by a lender in another state to a borrower, who was a legal resident of North Carolina at the time the loan was made. The purchase of a loan account shall not alter this prohibition.  (1961, c. 1053, s. 1; 1967, c. 769, s. 2; 1969, c. 1303, s. 13; 1973, c. 1042, s. 8; 1979, c. 706, s. 2; 1989, c. 17, s. 11; 2015-179, s. 5.)
NC Gen Stat § 53-191 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-191 - Businesses exempted.

 53-191. Businesses exempted.Nothing in this Article shall be construed to apply to any person, firm or corporation doing business under the authority of any law of this State or of the United States relating to banks, trust companies, savings and loan associations, cooperative credit unions, agricultural credit corporations or associations organized under the laws of North Carolina, production credit associations organized under the act of Congress known as the Farm Credit Act of 1933, pawnbrokers lending or advancing money on specific articles of personal property, industrial banks, the business of negotiating loans on real estate as defined in G.S. 105-41, nor to installment paper dealers as defined in G.S. 105-83 other than persons, firms and corporations engaged in the business of accepting fees for endorsing or otherwise securing loans or contracts for repayment of loans. (1955, c. 1279; 1957, c. 1429, s. 8; 1961, c. 1053, s. 1; 1969, c. 1303, s. 26.)
NC Gen Stat § 53-208.41 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 16B - Money Transmitters Act.|§ 53-208.41 - Title.

 53-208.41. Title.This act may be cited as the "North Carolina Money Transmitters Act."  (2016-81, s. 1; 2017-102, s. 46.)
NC Gen Stat § 53-208.43 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 16B - Money Transmitters Act.|§ 53-208.43 - License requirement.

 53-208.43. License requirement.(a) No person except those exempt pursuant to G.S. 53-208.44 shall engage in the business of money transmission in this State without a license as provided in this Article.(b) A licensee may conduct its business in this State at one or more locations, directly or indirectly owned, or through one or more authorized delegates, or both, pursuant to the single license granted under this Article.(c) For the purposes of this Article, a person is considered to be engaged in the business of money transmission in this State if that person solicits or advertises money transmission services from a Web site that North Carolina citizens may access in order to enter into those transactions by electronic means.  (2016-81, s. 1; 2017-102, s. 46.)
NC Gen Stat § 53-208.46 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 16B - Money Transmitters Act.|§ 53-208.46 - Minimum net worth.

 53-208.46. Minimum net worth.(a) An applicant shall possess and a licensee shall maintain at all times a net worth of not less than two hundred fifty thousand dollars ($250,000) calculated in accordance with generally accepted accounting principles.(b) The Commissioner may by order increase the amount of net worth required of an applicant or licensee if the Commissioner determines additional net worth is necessary to ensure safe and sound operation based on consideration of the following factors:(1) The nature and volume of the projected or established business.(2) The number of locations at or through which money transmission is or will be conducted.(3) The amount, nature, quality, and liquidity of assets.(4) The amount and nature of liabilities.(5) The history of operations and prospects for earning and retaining income.(6) The quality of operations and management.(7) The nature and quality of controlling persons.(8) The history of compliance with applicable State and federal law.(9) Any other factors the Commissioner deems relevant.  (2016-81, s. 1; 2017-102, s. 46.)
NC Gen Stat § 53-208.48 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 16B - Money Transmitters Act.|§ 53-208.48 - Permissible investments and statutory trust.

 53-208.48. Permissible investments and statutory trust.(a) Except as otherwise provided in this section, each licensee under this Article shall possess at all times unencumbered permissible investments having an aggregate market value, calculated in accordance with generally accepted accounting principles, of not less than the aggregate face amount of all outstanding transmission obligations. This requirement may be waived by the Commissioner if the dollar volume of a licensee's outstanding transmission obligations does not exceed the bond or other security devices posted by the licensee pursuant to G.S. 53-208.47.(b) Permissible investments, even if commingled with other assets of the licensee, shall be deemed by operation of law to be held in trust for the benefit of the purchasers and holders of the licensee's outstanding payment instruments and stored value obligations in the event of the bankruptcy of the licensee.(c) If the licensee possesses virtual currency as permissible investments under this Article, the Commissioner may at any time request that the licensee verify, in a manner acceptable to the Commissioner, aggregate virtual currency transmission obligations outstanding and virtual currency held as permissible investments, including virtual currency stored offline.  (2016-81, s. 1; 2017-102, s. 46; 2018-23, s. 2.)
NC Gen Stat § 53-208.49 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 16B - Money Transmitters Act.|§ 53-208.49 - Application fees and annual assessment.

 53-208.49. Application fees and annual assessment.(a) Application Fees. Each application for initial licensure shall be accompanied by a nonrefundable filing fee of one thousand five hundred dollars ($1,500).(b) Annual Assessment. For the purpose of meeting the cost of regulation under this Article, each licensee shall pay to the Commissioner an annual assessment as provided in this subsection. The annual assessment shall consist of a base amount of five thousand dollars ($5,000) for volumes of no more than one million dollars ($1,000,000) plus an additional sum, calculated on the transmission dollar volume reported by the licensee pursuant to G.S. 53-208.53 for the previous calendar year. The cumulative assessment shall be calculated as follows:Transmission in U.S. Dollar Volume  Per U.S. Dollar  $1,000,001 to $5,000,000  $0.0008  $5,000,001 to $10,000,000  $0.0006  $10,000,001 to $50,000,000  $0.00004  More Than $50,000,000.00  $0.0000006  The Commissioner may collect the assessment provided for in this subsection annually or in periodic installments as approved by the State Banking Commission.  (2016-81, s. 1; 2017-102, s. 46.)
NC Gen Stat § 53-208.50 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 16B - Money Transmitters Act.|§ 53-208.50 - Issuance of license.

 53-208.50. Issuance of license.(a) Upon receipt of a complete license application, as set forth under G.S. 53-208.45, the Commissioner shall investigate the financial condition and responsibility, financial and business experience, the character and general fitness of the applicant, and any other matters deemed relevant by the Commissioner. The Commissioner may require additional information and may require the amendment of the application in the course of the investigation. An applicant's failure to furnish all required information within 30 days after filing the application or within 30 days of a request by the Commissioner for additional information may be considered an abandonment of the application. In the course of the investigation, the Commissioner may conduct an on-site examination of the applicant, the reasonable cost of which shall be borne by the applicant.(b) The Commissioner may only approve an application for licensure when the Commissioner has determined that all of the following requirements have been satisfied or are reasonably likely to be satisfied within a reasonable time period as specified by the Commissioner in the order of approval:(1) The applicant has satisfied the requirements imposed by this Article;(2) The applicant's business will be conducted honestly, fairly, and in a manner commanding the confidence and trust of the community;(3) The applicant has demonstrated net worth necessary to satisfy the requirements in accordance with G.S. 53-208.46;(4) The applicant has obtained a surety bond in conformance with G.S. 53-208.47;(5) That neither the applicant nor any controlling person are identified on the Specially Designated Nationals and Blocked Persons List prepared by the United States Department of the Treasury or the United States Department of State subject to Presidential Executive Order No. 13224, Blocking Property and Prohibiting Transactions with Persons who Commit, Threaten to Commit, or Support Terrorism;(6) The controlling persons and key management personnel, as a group, have degrees of character, competence, and experience which command the confidence and trust of the community and justify the belief that the applicant will operate safely, soundly, and in compliance with the law;(7) The anticipated volume and nature of business projected in the application are reasonable and indicate a reasonable likelihood of safe and sound operation.(c) Licenses issued under this Article are perpetual and not assignable. Control of a licensee shall not be acquired through a stock purchase, merger, or other device without prior written consent of the Commissioner. The Commissioner shall not give written consent if the Commissioner finds that any of the grounds for denial, revocation, or suspension as set forth under G.S. 53-208.56 are applicable to the acquiring person.  (2016-81, s. 1; 2017-102, s. 46.)