reglab/housing_qa huggingface dataset:
NC Gen Stat § 53-163.5 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 14 - Trust Institutions Acting in a Fiduciary Capacity.|§ 53-163.5 - Establishment of common trust funds.

 53-163.5. Establishment of common trust funds.(a) Any trust institution duly authorized to act as a fiduciary in this State may establish and maintain one or more common trust funds for the collective investment of funds held in a fiduciary capacity by such trust institution hereafter referred to as the "maintaining institution." The maintaining institution may include for the purposes of collective investment in such common trust fund or funds established and maintained by it, funds held in a fiduciary capacity by any other trust institution duly authorized to act as a fiduciary with which it is affiliated, wherever located, which other trust institution is hereinafter referred to as the "participating institution."(b) For the purposes of this section, a maintaining institution shall be considered to be affiliated with a participating institution if it controls, is controlled by, or is under common control with the participating institution, as control is determined under the federal Bank Holding Company Act of 1956 or by rule, order, or declaratory ruling of the Commissioner of Banks.(c) Such common trust funds may include a fund composed solely of funds held under an agency agreement in which the trust institution assumes investment discretion and assumes fiduciary responsibility.(d) Such trust institution may invest the funds held by it in any fiduciary capacity in one or more common trust funds, provided that (i) such investment is not prohibited by the instrument, judgment, decree or order creating such fiduciary relationship or amendment thereof, and (ii) the trust institution has no interest in the assets of the common trust fund other than as a fiduciary.  (1939, c. 200, s. 1; 1973, c. 1276; 1977, c. 502, s. 2; 2005-192, s. 1; 2006-259, s. 13(q); 2011-339, s. 7.)
NC Gen Stat § 53-163.6 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 14 - Trust Institutions Acting in a Fiduciary Capacity.|§ 53-163.6 - Court accountings.

 53-163.6. Court accountings.Unless ordered by a court of competent jurisdiction the trust institution operating such common trust fund or funds shall not be required to render a court accounting with regard to such fund or funds; but it may, by application to the superior court, secure approval of such an accounting on such conditions as the court may establish. This section shall not affect the duties of the trustees of the participating trusts under the common trust fund to render accounts of their several trusts.  (1939, c. 200, s. 2; 1977, c. 502, s. 2; 2005-192, s. 1; 2011-339, s. 7.)
NC Gen Stat § 53-163.7 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 14 - Trust Institutions Acting in a Fiduciary Capacity.|§ 53-163.7 - Supervision by State Banking Commission.

 53-163.7. Supervision by State Banking Commission.All common trust funds established under the provisions of this Part shall be subject to the rules and regulations of the State Banking Commission. (1939, c. 200, s. 3; 1977, c. 502, s. 2; 2005-192, s. 1.)
NC Gen Stat § 53-163.8 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 14 - Trust Institutions Acting in a Fiduciary Capacity.|§ 53-163.8 - Uniformity of interpretation.

 53-163.8. Uniformity of interpretation.This Part shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. (1939, c. 200, s. 4; 1977, c. 502, s. 2; 2005-192, s. 1.)
NC Gen Stat § 53-163.9 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 14 - Trust Institutions Acting in a Fiduciary Capacity.|§ 53-163.9 - Short title.

 53-163.9. Short title.This Part may be cited as the Uniform Common Trust Fund Act. (1939, c. 200, s. 5; 1977, c. 502, s. 2; 2005-192, s. 1.)
NC Gen Stat § 53-164 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-164 - Title.

 53-164. Title.This Article shall be known and may be cited as the North Carolina Consumer Finance Act. (1961, c. 1053, s. 1.)
NC Gen Stat § 53-165 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-165 - Definitions.

 53-165. Definitions.(a) "Amount of the loan" shall mean the aggregate of the cash advance and the charges authorized by G.S. 53-173 and G.S. 53-176.(b) "Borrower" shall mean any person who borrows money from any licensee or who pays or obligates himself to pay any money or otherwise furnishes any valuable consideration to any licensee for any act of the licensee as a licensee.(c) "Cash advance" shall mean the amount of cash or its equivalent that the borrower actually receives or is paid out at his discretion or on his behalf.(d) "Commission" shall mean the State Banking Commission.(e) "Commissioner" shall mean the Commissioner of Banks.(f) "Deputy commissioner" shall mean the deputy commissioner of banks.(g) "License" shall mean the certificate issued by the Commissioner under the authority of this Article to conduct a consumer finance business.(h) "Licensee" shall mean a person to whom one or more licenses have been issued.(i) "Loanable assets" shall mean cash or bank deposits or installment loans made as a licensee pursuant to this Article or installment loans made as a licensee pursuant to the Article which this Article supersedes or such other loans payable on an installment basis as the Commissioner of Banks may approve, or any combination of two or more thereof.(j) "Person" shall include any person, firm, partnership, association or corporation. (1957, c. 1429, s. 1; 1961, c. 1053, s. 1; 2001-519, s. 1.)
NC Gen Stat § 53-166 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-166 - Scope of Article; evasions; penalties; loans in violation of Article void.

 53-166. Scope of Article; evasions; penalties; loans in violation of Article void.(a) Scope. - No person shall engage in the business of lending in amounts of fifteen thousand dollars ($15,000) or less and contract for, exact, or receive, directly or indirectly, on or in connection with any such loan, any charges whether for interest, compensation, consideration, or expense, or any other purpose whatsoever, which in the aggregate are greater than permitted by Chapter 24 of the General Statutes, except as provided in and authorized by this Article, and without first having obtained a license from the Commissioner. The word "lending" as used in this section, includes, but is not limited to, endorsing or otherwise securing loans or contracts for the repayment of loans.(b) Evasions. - Subsection (a) of this section applies to any person that seeks to avoid its application by any device, subterfuge, or pretense whatsoever. Devices, subterfuges, and pretenses include any transaction in which a cash rebate or other advance of funds is offered and all of the following apply:(1) The cash advance is made contemporaneously with the transaction or soon thereafter.(2) The amount of the cash advance is required to be repaid at a later date.(3) The selling or providing of any item, service, or commodity with the transaction is incidental to, or a pretext for, the advance of funds.(c) Penalties; Commissioner to Provide Facts and Testify. - Any person not exempt from this Article, or any officer, agent, employee, or representative thereof, that fails to comply with or that otherwise violates any of the provisions of this Article is guilty of a Class 1 misdemeanor. Each violation is a separate offense. The Commissioner shall provide the district attorney of the court having jurisdiction of any offense under this subsection with all facts and evidence in the Commissioner's actual or constructive possession and shall testify as to these facts upon the trial of any person for the offense.(d) Additional Penalties. - Any contract of loan, the making or collecting of which violates any provision of this Article, or rule thereunder, except as a result of accidental or bona fide error of computation is void, and the licensee or any other party in violation shall not collect, receive, or retain any principal or charges whatsoever with respect to the loan. If an affiliate operating in the same office or subsidiary operating in the same office of a licensee makes a loan in violation of G.S. 53-180(i), the affiliate or subsidiary may recover only its principal on the loan.  (1955, c. 1279; 1957, c. 1429, s. 8; 1961, c. 1053, s. 1; 1969, c. 1303, ss. 13, 14; 1973, c. 47, s. 2; c. 1042, s. 1; 1979, c. 33, s. 1; 1985, c. 154, ss. 6, 13; 1987, c. 444, s. 3; 1989, c. 17, ss. 1, 13; 1989 (Reg. Sess., 1990), c. 881, s. 1; 1993, c. 539, s. 425; 1994, Ex. Sess., c. 24, s. 14(c); 2006-243, s. 2; 2013-162, s. 1; 2021-84, s. 1.)
NC Gen Stat § 53-167 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-167 - Expenses of supervision.

 53-167. Expenses of supervision.For the purpose of defraying necessary expenses of the Office of Commissioner of Banks for supervision, each licensee shall pay to the Commissioner an assessment not to exceed eighteen dollars ($18.00) per one hundred thousand dollars ($100,000) of assets, or fraction thereof, plus a fee of three hundred dollars ($300.00) per office; provided, however, a consumer finance licensee shall pay a minimum annual assessment of not less than five hundred dollars ($500.00). The assessment shall be determined on a consumer finance licensee's total assets as shown on its report of condition made to the Commissioner as of December 31 of each year, or the date most nearly approximating that date. If the Commissioner determines that the financial condition or manner of operation of a consumer finance licensee warrants further examination or an increased level of supervision, the licensee may be subject to assessment not to exceed the amount determined in accordance with the schedule set forth in this section.  (1955, c. 1279; 1957, c. 1429, s. 1; 1961, c. 1053, s. 1; 2012-56, s. 11.)
NC Gen Stat § 53-169 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-169 - Application for license.

 53-169. Application for license.The application for license shall be made on a form prepared and furnished by the Commissioner of Banks and shall state:(1) The fact that the applicant desires to engage in business under this Article; and(2) Whether the applicant is an individual, partnership, association or corporation; and(3) The name and address of the person who will manage and be in immediate control of the business; and(4) The name and address of the owners and their percentage of equity in the company, except when the Commissioner does not deem it feasible to furnish such information because of the number of stockholders involved; and(5) When the applicant proposes to commence doing business; and(6) Such other information as the Commissioner of Banks deems necessary.The statements made in such application shall be sworn to by the applicant or persons making application on the applicant's behalf. (1961, c. 1053, s. 1.)
NC Gen Stat § 53-170 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-170 - Locations; change of ownership or management.

 53-170. Locations; change of ownership or management.(a) Business Location. - A licensee may conduct and carry on his business only at such location or locations as may be approved by the Commissioner of Banks, and no changes shall be made from one location to another without the approval of the Commissioner.(b) Additional Places of Business. - Not more than one place of business shall be maintained under the same license, but the Commissioner may issue more than one license to the same licensee upon compliance with all the provisions of this Article governing issuance of a single license.(c) Change of Location, Ownership or Management. - If any change occurs in the name and address of the licensee or of the president, secretary or agent of a corporation, or in the membership of any partnership under said sections, a true and full statement of such change, sworn to in the manner required by this Article in the case of the original application, shall forthwith be filed with the Commissioner. (1961, c. 1053, s. 1.)
NC Gen Stat § 53-171 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-171 - Revocation, suspension or surrender of license.

 53-171. Revocation, suspension or surrender of license.(a) If the Commissioner shall find, after due notice and hearing, or opportunity for hearing, that any such licensee, or an officer, agent, employee, or representative thereof has violated any of the provisions of this Article, or has failed to comply with the rules, regulations, instructions or orders promulgated by the Commission pursuant to the powers and duties prescribed therein, or has failed or refused to make its reports to the Commissioner, or has failed to pay the fees for its examination and supervision, or has furnished false information to the Commissioner or the Commission, the Commissioner may issue an order revoking or suspending the right of such licensee and such officer, agent, employee or representative to do business in North Carolina as a licensee, and upon receipt of such an order from the Commissioner, the licensee shall immediately surrender his license to the Commissioner. Within five days after the entry of such an order the Commissioner shall place on file his findings of fact and mail or otherwise deliver a copy to the licensee. Any licensee who fails to make any loans during any period of 90 consecutive days after being licensed shall surrender his license to the Commissioner.(b) Any licensee may surrender any license by delivering it to the Commissioner with written notice of its surrender, but such surrender shall not affect his civil or criminal liability for acts committed prior thereto.(c) No revocation, suspension or surrender of any license shall impair or affect the obligation of any preexisting lawful contract between the licensee and any obligor.(d) The Commissioner, in his discretion, may reinstate suspended licenses or issue new licenses to a person whose license or licenses have been revoked, or surrendered if and when he determines no fact or condition exists which clearly would have justified the Commissioner in refusing originally to issue such license under this Article. (1955, c. 1279; 1961, c. 1053, s. 1.)
NC Gen Stat § 53-173 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-173 - Computation of interest; application of payments; limitation on interest after judgment; limitation on interest after maturity of the loan.

 53-173. Computation of interest; application of payments; limitation on interest after judgment; limitation on interest after maturity of the loan.(a), (a1) Repealed by Session Laws 2013-162, s. 3, effective July 1, 2013.(b) Computation of Interest. - Interest on loans made pursuant to this section shall not be paid, deducted, or received in advance. Such interest shall not be compounded but interest on loans shall (i) be computed and paid only as a percentage of the unpaid principal balance or portion thereof and (ii) computed on the basis of the number of days actually elapsed; provided, however, if part or all of the consideration for a loan contract is the unpaid principal balance of a prior loan, then the principal amount payable under the loan contract may include any unpaid interest on the prior loan which have accrued within 90 days before the making of the new loan contract. For the purpose of computing interest, a day shall equal 1/365th of a year.(b1) Application of Payments. - Any payment made on a loan shall be applied first to late charges and other permissible charges under this Article, then to any accrued interest, and then to principal. Any portion or all of the principal balance may be prepaid at any time without penalty.(c) Limitation on Interest after Judgment. - If a money judgment is obtained against any party on any loan made under the provisions of this section neither the judgment nor the loan shall carry, from the date of the judgment, any interest in excess of eight percent (8%) per annum.(d) Limitation of Interest after Maturity of Loan. - After the maturity date of any loan contract made under the provisions of this section and until the loan contract is paid in full by cash, new loan, refinancing or otherwise, no charges other than interest at eight percent (8%) per annum shall be computed or collected from any party to the loan upon the unpaid principal balance of the loan.(e) Repealed by Session Laws 1989, c. 17, s. 3.(f) Repealed by Session Laws 2001-519, s. 3, effective January 1, 2002.  (1961, c. 1053, s. 1; 1969, c. 1303, ss. 13, 17-22; 1973, c. 1042, s. 3; 1975, c. 110, s. 1; 1979, c. 33, s. 2; 1981, c. 561, ss. 1-3; 1983, c. 68, s. 1; c. 126, s. 13; 1989, c. 17, s. 3; 2001-519, s. 3; 2013-162, s. 3.)
NC Gen Stat § 53-175 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-175 - Fee for returned checks.

 53-175. Fee for returned checks.A licensee may collect the fee for returned checks to the extent permitted by G.S. 25-3-506. This section shall apply to any loan made by any licensee under this Article. (1961, c. 1053, s. 1; 1969, c. 1303, s. 23; 1981, c. 561, s. 4; 1983, c. 68, s. 1; c. 126, s. 12; 1989, c. 17, s. 5; 1995 (Reg. Sess., 1996), c. 742, s. 21.)
NC Gen Stat § 53-176 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-176 - Rates, maturities and amounts.

 53-176. Rates, maturities and amounts.(a) A licensee may make installment loans in aggregate amounts not exceeding fifteen thousand dollars ($15,000) and which shall not be repayable in fewer than 12 months or more than 96 months and which shall not be secured by deeds of trust or mortgages on real estate and which are repayable in substantially equal consecutive monthly payments and to charge and collect interest in connection therewith which shall not exceed the following actuarial rates:(1) With respect to a loan not exceeding ten thousand dollars ($10,000), thirty percent (30%) per annum on that part of the unpaid principal balance not exceeding four thousand dollars ($4,000), twenty-four percent (24%) per annum on that part of the unpaid principal balance exceeding four thousand dollars ($4,000) but not exceeding eight thousand dollars ($8,000), and eighteen percent (18%) per annum on that part of the remainder of the unpaid principal balance.(2) With respect to a loan exceeding ten thousand dollars ($10,000), eighteen percent (18%) per annum on the outstanding principal balance.Interest shall be contracted for and collected at the single simple interest rate applied to the outstanding balance that would earn the same amount of interest as the above rates for payment according to schedule.(b) In addition to the interest permitted in this section, a licensee may assess at closing a fee for processing the loan as agreed upon by the parties, not to exceed twenty-five dollars ($25.00) for loans up to two thousand five hundred dollars ($2,500) and one percent (1%) of the cash advance for loans above two thousand five hundred dollars ($2,500), not to exceed a total fee of forty dollars ($40.00), provided that such charges may not be assessed more than twice in any 12-month period.(c) The provisions of G.S. 53-173(b), (b1), (c) and (d) and G.S. 53-180(b), (c), (d), (e), (f), (g), (h) and (i) shall apply to loans made pursuant to this section.(d) Repealed by Session Laws 2013-162, s. 4, effective July 1, 2013.(e) The due date of the first monthly payment shall not be more than 45 days following the disbursement of funds under any such installment loan. A borrower under this section may prepay all or any part of a loan made under this section without penalty. Except as otherwise provided for pursuant to G.S. 75-20(a), no more than twice in a 12-month period, a borrower may cancel a loan with the same licensee within three business days after disbursement of the loan proceeds without incurring or paying interest so long as the amount financed, minus any fees or charges, is returned to and received by the licensee within that time.(f) Repealed by Session Laws 2013-162, s. 4, effective July 1, 2013.  (1961, c. 1053, s. 1; 1969, c. 1303, s. 12.1; 1981, c. 561, s. 7; 1983, c. 68, s. 1; c. 126, ss. 14, 15; 1989, c. 17, s. 6; 1995, c. 155, s. 1; 2001-519, s. 4; 2013-162, s. 4.)
NC Gen Stat § 53-177.1 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 15 - North Carolina Consumer Finance Act.|§ 53-177.1 - Electronic transaction fees.

 53-177.1. Electronic transaction fees.(a) The following definitions apply in this section:(1) Affiliate. - In relation to a licensee, an entity that directly or indirectly controls, is controlled by, or is under joint control with the licensee.(2) Control. - Any of the following:a. Own, directly or indirectly, at least fifty percent (50%) of the capital of an entity.b. Have the power to direct or cause the direction of the management of and set the policies of an entity.(b) In addition to the recovery of other costs allowed under this Article, a licensee may collect from a borrower an amount not to exceed the actual cost of any fees charged by a non-affiliate third party for the following transactions:(1) Online debit card payments to the borrower's account.(2) In-person debit card payments to the borrower's account.(3) Automated clearinghouse transaction payments to the borrower's account.(4) Disbursement of loan proceeds via automated clearinghouse transactions.(5) Disbursement of loan proceeds via prepaid debit cards or stored value cards.(6) Disbursement of loan proceeds via electronic payments to the borrower's account at a financial institution or financial services company.(c) A licensee shall make available to borrowers at least one type of transaction for an account payment and at least one type of transaction for a disbursement of loan proceeds in which it will not seek to recover the cost of third-party fees associated with the transaction.(d) A licensee shall publish on its website and publicly display at all its retail locations a disclosure on whether a borrower will be charged for any third-party fees with regard to each available type of transaction for account payments and disbursements of loan proceeds. A licensee shall also provide this information as a separate disclosure to a borrower when the borrower establishes a loan account with the licensee.(e) Nothing in this section prohibits a borrower from directly paying transaction-based fees to a non-affiliate third party for account payments and disbursements of loan proceeds.  (2021-159, s. 1(a).)