reglab/housing_qa huggingface dataset:
NC Gen Stat § 58-69-35 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 69 - Motor Clubs and Associations.|§ 58-69-35 - Violations; penalty.

 58-69-35. Violations; penalty.Any person, firm, association or corporation who shall violate any of the provisions of this Article shall be guilty of a Class 1 misdemeanor. (1963, c. 698; 1993, c. 539, s. 471; 1994, Ex. Sess., c. 24, s. 14(c).)
NC Gen Stat § 58-69-40 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 69 - Motor Clubs and Associations.|§ 58-69-40 - Disposition of fees.

 58-69-40. Disposition of fees.All fees collected by the Commissioner under this Article shall be credited to the Insurance Regulatory Fund created under G.S. 58-6-25. (1963, c. 698; 1991, c. 689, s. 292; 1993 (Reg. Sess., 1994), c. 678, s. 30; 2003-221, s. 7.)
NC Gen Stat § 58-69-45 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 69 - Motor Clubs and Associations.|§ 58-69-45 - Insurance licensing provisions not affected.

 58-69-45. Insurance licensing provisions not affected.Nothing in this Article shall be construed as amending, repealing, or in any way affecting any laws now in force relating to the licensing of Motor Club Membership Sales Agents or to the licensing or regulation of insurance agents and insurance companies, as provided in Articles 1 through 64 of this Chapter. (1963, c. 698; 1983, c. 802, s. 3.)
NC Gen Stat § 58-69-50 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 69 - Motor Clubs and Associations.|§ 58-69-50 - Authority for qualified surety companies to guarantee certain arrest bond certificates.

 58-69-50. Authority for qualified surety companies to guarantee certain arrest bond certificates.(a) Any domestic or foreign surety company that is authorized to do business in this State may become a surety, by filing with the Department an undertaking to become a surety, in an amount not to exceed one thousand five hundred dollars ($1,500) with respect to each guaranteed arrest bond certificate issued by a motor club.(b) The undertaking shall be in a form to be prescribed by the Department and shall state:(1) The name and address of the motor club or clubs with respect to which the surety company undertakes to guarantee the arrest bond certificates.(2) The unqualified obligation of the surety company to pay the fine or forfeiture, in an amount not to exceed one thousand five hundred dollars ($1,500) of any person who, after posting a guaranteed arrest bond certificate which the surety has undertaken to guarantee, fails to make the appearance for which the guaranteed arrest bond certificate was posted. (1985, c. 623, s. 1; 1989, c. 663, s. 1; 1999-132, s. 12.3.)
NC Gen Stat § 58-69-55 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 69 - Motor Clubs and Associations.|§ 58-69-55 - Guaranteed arrest bond certificates accepted.

 58-69-55. Guaranteed arrest bond certificates accepted.(a) Any guaranteed arrest bond certificate guaranteed by a surety company under G.S. 58-69-50 shall be accepted in lieu of cash bail or other bond in an amount not to exceed one thousand five hundred dollars ($1,500) as a bail bond, when signed by the person whose signature appears on the certificate, to guarantee the appearance of that person in any court in this State at the time set by the court when the person is arrested for the violation of any motor vehicle law of this State or any motor vehicle ordinance of any municipality of this State. The guaranteed arrest bond certificate shall not apply to, and shall not be accepted in lieu of, cash bail or bond when the person has been arrested for any impaired driving offense or for any felony.(b) A guaranteed arrest bond certificate that is posted as a bail bond in any court shall be subject to the forfeiture and enforcement provisions with respect to bail bonds in criminal cases as provided by law. (1985, c. 623, s. 1; 1989, c. 663, s. 2; 1999-132, s. 12.4.)
NC Gen Stat § 58-69-60 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 69 - Motor Clubs and Associations.|§ 58-69-60 - Notification of criminal or administrative actions.

 58-69-60. Notification of criminal or administrative actions.(a) If an individual proprietor, officer, or partner of a motor club has been convicted in any court of competent jurisdiction for any crime involving dishonesty or breach of trust, the motor club shall notify the Commissioner in writing of the conviction within 10 days after the date of the conviction. As used in this subsection, "conviction" includes an adjudication of guilt, a plea of guilty, or a plea of nolo contendere.(b) A motor club shall report to the Commissioner any administrative action taken against the motor club by another state or by another governmental agency in this State within 30 days after the final disposition of the matter. This report shall include a copy of the order or consent order and other information or documents filed in the proceeding necessary to describe the action.  (2009-566, s. 18.)
NC Gen Stat § 58-70-1 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-1 - Permit from Commissioner of Insurance; penalty for violation; exception.

 58-70-1. Permit from Commissioner of Insurance; penalty for violation; exception.No person, firm, corporation, or association shall conduct or operate a collection agency or do a collection agency business, as the same is hereinafter defined in this Article, until he or it shall have secured a permit therefor as provided in this Article. Any person, firm, corporation or association conducting or operating a collection agency or doing a collection agency business without the permit shall be guilty of a Class I felony. Any officer or agent of any person, firm, corporation or association, who shall personally and knowingly participate in any violation of the remaining provisions of this Part shall be guilty of a Class 1 misdemeanor. Provided, however, that nothing in this section shall be construed to require a regular employee of a duly licensed collection agency licensed pursuant to this Article to procure a collection agency permit.  (1931, c. 217, s. 1; 1943, c. 170; 1959, c. 1194, s. 1; 1969, c. 906, s. 1; 1979, c. 835; 1989, c. 441, s. 1; 1993, c. 539, ss. 472, 1275; 1994, Ex. Sess., c. 24, s. 14(c); 2011-320, s. 1.)
NC Gen Stat § 58-70-6 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-6 - Definitions.

 58-70-6. Definitions.For purposes of G.S. 58-70-5 and this section, the following definitions apply:(1) An "affiliate" of or a person "affiliated" with a specific person. - A person that indirectly through one or more intermediaries or directly controls, is controlled by, or is under common control with the person specified.(2) Control, including the terms "controlling," "controlled by," and "under common control with." - The direct or indirect possession of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract other than a commercial contract for goods or nonmanagement services, or otherwise. Control is presumed to exist if any person directly or indirectly owns, controls, holds with the power to vote, or holds proxies representing ten percent (10%) or more of the voting securities of any other person.(3) Holding company system. - An entity comprising two or more affiliated persons.(4) Person. - An individual, corporation, partnership, limited liability company, association, joint stock company, trust, unincorporated organization, or any similar entity or any combination of the foregoing acting in concert.(5) Subsidiary of a specified person. - An affiliate controlled by that person indirectly through one or more intermediaries or directly.(6) Voting security. - Includes any security convertible into or evidencing a right to acquire a voting security.  (2009-566, s. 22.)
NC Gen Stat § 58-70-10 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-10 - Application to Commissioner for permit renewal.

 58-70-10. Application to Commissioner for permit renewal.Any person, firm, corporation or association desiring to renew a permit issued pursuant to G.S. 58-70-5 shall make application to the Commissioner of Insurance not less than 30 days prior to the expiration date of the then current permit. Such renewal applicant shall be entitled to a renewal permit upon submission to the Commissioner of Insurance of all the information as required by G.S. 58-70-5; provided, however, it shall be sufficient, wherever applicable, to reference the prior year's application if there has been no change as to any of the required information and it shall not be necessary to submit with a renewal application a new director's resolution. In addition, the applicant shall submit to the Commissioner a copy of a "continuation certificate" or paid receipt for renewal premiums for the collection agency bond for the year for which the renewal permit is applied. The application shall include a calculation in accordance with G.S. 58-70-20, and if the bond is increased, an endorsement by the surety. With a renewal application, the applicant shall submit a balance sheet for the last fiscal year ending prior to the application, certified true and correct by a corporate officer, partner, or proprietor, setting forth the current assets, fixed assets, current liabilities and positive net worth of the applicant. In calculating its positive net worth under this section, an applicant is not required to include in its balance sheet liabilities from the purchase of stock by or in connection with the applicant's employee stock ownership plan that is qualified under 26 U.S.C. 401(a) and 4975(e)(7) or to include in its balance sheet unallocated or unearned shares held in such a qualified employee stock ownership plan.  (1979, c. 835; 2016-78, s. 6.5.)
NC Gen Stat § 58-70-20 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-20 - Bond requirement.

 58-70-20. Bond requirement.(a) As a condition precedent to the issuance of any permit under this Article, every applicant for a permit shall file with the Commissioner a bond in favor of the State of North Carolina that is executed by a surety company licensed to transact surety business in this State. The bond shall be maintained in force during the permit period, continuous in form, and remain in effect until all moneys collected have been accounted for. The bond shall expressly provide that the bond is for the benefit of any person, firm or corporation for whom the collection agency engages in the collection of accounts. The bond shall be in the amount of ten thousand dollars ($10,000) for the initial permit. The amount of the bond for any renewal permit shall be no less than ten thousand dollars ($10,000), nor more than thirty thousand dollars ($30,000), and shall be computed as follows: The total collections paid directly to the collection agency less commissions earned by the collection agency on those collections for the calendar year ending immediately prior to the date of application, multiplied by one-sixth.(b) A person required by this section to maintain a bond may, in lieu of that bond, deposit with the Commissioner the equivalent amount in cash, in certificates of deposit issued by banks organized under the laws of the State of North Carolina, or any national bank having its principal office in North Carolina, or securities, which shall be held in accordance with Article 5 of this Chapter. Securities may only be obligations of the United States or of federal agencies listed in G.S. 147-69.1(c)(2) guaranteed by the United States, obligations of the State of North Carolina, or obligations of a city or county of this State. Any proposed deposit of an obligation of a city or county of this State is subject to the prior approval of the Commissioner.(c) In addition to the requirements of subsections (a) and (b) of this section, as a condition precedent to the issuance of any permit under this Article, every nonresident applicant for a permit shall file with the Commissioner a bond in the amount of ten thousand dollars ($10,000) in favor of the Department that is executed by a surety company licensed to transact surety business in this State. The bond shall be maintained in force during the permit period, be continuous in form, and remain in effect until terminated by the Commissioner. The bond shall expressly provide that the bond is for the purpose of reimbursing the Department for expenses incurred in visiting and examining a nonresident collection agency in connection with a federal bankruptcy or State receivership proceeding in which the collection agency is the subject of the proceeding.  (1943, c. 170; 1959, c. 1194, s. 3; 1979, c. 835; 1991, c. 212, s. 4; 2001-269, s. 1.3; 2016-107, s. 6.)
NC Gen Stat § 58-70-25 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-25 - Record of business in State.

 58-70-25. Record of business in State.(a) Each person, firm, or corporation licensed as a collection agency in North Carolina shall keep a full and correct record of all business done in this State as set forth below. All such records pertaining to collection activity, concerning debtor records and client accounting records, but not general operating records, shall be open to inspection by the Commissioner of Insurance or his duly authorized deputy upon demand.(b) Every permit holder shall maintain adequate records which shall contain the items listed below. These records must be kept separate from records of any other business and must be maintained for not less than three years after the final entry has been made:(1) A daily collection record or cash receipt journal in which all collections are recorded and allocated as to total collections, setting forth:a. The amount credited to principal and to interest, if any;b. The amount due creditors or forwarders.(2) The amount retained as commission or commission paid to forwardees.(3) Payments made directly to creditors as reported to the collection agency by those creditors and commissions due the collection agency on those payments.(4) A record of each debtor's account shall be maintained consisting of the following:a. The name and address of the debtor;b. The name of the creditor or forwarder or forwardee if the account has been forwarded;c. The principal amount owing and, if available, the date of the last credit or debit;d. The amount and date of each payment made by the debtor; ande. The date and time of each telephone or personal contact with the debtor.(5) A master alphabetical record by name and address of every creditor or forwarder with whom the permit holder engages in the business of collecting accounts.(6) A check register or carbon copies of each check issued or numerically numbered check stubs corresponding with all checks issued on the trust account for funds collected on behalf of creditors. Cancelled checks, together with voided or unused checks (adequately explained) drawn on the trust account shall be maintained in numerical order with the monthly bank statements.(7) A record by client or client number showing the number of accounts received from the client, the date received and the principal amount of the accounts.(8) A duplicate copy of each remittance statement furnished a creditor or forwarder, or other listing of the information contained on the statement. (1959, c. 1194, s. 3; 1979, c. 835; 1989, c. 441, s. 6.)
NC Gen Stat § 58-70-30 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-30 - Hearing granted applicant if application denied; appeal.

 58-70-30. Hearing granted applicant if application denied; appeal.If, upon application, the Commissioner finds that the permit should not be issued or renewed and denies an application, he shall notify the applicant or permittee and advise, in writing, the applicant or permittee of the reasons for the denial or nonrenewal of the permit. Within 30 days of receipt of notification the applicant or permittee may make written demand upon the Commissioner for a hearing to determine the reasonableness of the Commissioner's action. Such hearing shall be scheduled within 30 days and held within 90 days from the date of receipt of the written demand. An applicant or permittee has the right to appeal any order or any unreasonable delay pursuant to Article 4 of Chapter 150B of the General Statutes. If the Commissioner shall decline an application for renewal, that applicant may continue to do business pending any appeal taken pursuant hereto. (1931, c. 217, s. 3; 1979, c. 835; 1989, c. 441, s. 7, c. 770, s. 51.)
NC Gen Stat § 58-70-35 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-35 - Application fee; issuance of permit; contents and duration.

 58-70-35. Application fee; issuance of permit; contents and duration.(a) Upon the filing of the application and information required by this Article, the applicant shall pay a nonrefundable fee of one thousand dollars ($1,000), and no permit may be issued until this fee is paid. Fees collected under this subsection shall be credited to the Insurance Regulatory Fund created under G.S. 58-6-25.(b) Each permit shall state the name of the applicant, his place of business, and the nature and kind of business in which he is engaged. The Commissioner shall assign to the permit a serial number for each year, and each permit shall be for a period of one year, beginning with July 1 and ending with June 30 of the following year.(c) A permit is assignable or transferable only if the assignee or transferee qualifies under the provisions of this Article. Upon any change in ownership of a permittee, if a sole proprietorship or partnership, or upon a change in ownership of more than fifty percent (50%) of the shares or voting rights of a corporate permittee, a permit issued to a permittee is void unless within 30 days of the change of ownership the new owner or owners have satisfied the Commissioner that he or they qualify for a permit under this Article, and he or they maintain a bond in accordance with and in the amount required for a renewal bond under G.S. 58-70-20.  (1931, c. 217, s. 4; 1979, c. 835; 1983, c. 790, s. 10; 1989, c. 441, s. 8; 1991, c. 721, s. 3; 2009-451, s. 21.5(a); 2011-330, s. 47(a).)
NC Gen Stat § 58-70-45 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-45 - Disposition of permit fees.

 58-70-45. Disposition of permit fees.All permit fees collected under this Article shall be credited to the Insurance Regulatory Fund created under G.S. 58-6-25. (1931, c. 217, s. 8; 1943, c. 170; 1979, c. 835; 1991, c. 689, s. 293; 2003-221, s. 8.)
NC Gen Stat § 58-70-50 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-50 - All collection agencies to identify themselves in correspondence.

 58-70-50. All collection agencies to identify themselves in correspondence.All collection agencies licensed under this Part to do the business of a collection agency in this State, shall in all correspondence with debtors use stationery or forms which contain the permit number and the true name and address of such collection agency.The permit to engage in the business of a collection agency shall at all times be prominently displayed in each office of the person, firm, corporation or association to whom or to which the permit is issued. (1931, c. 217, s. 9; 1969, c. 906, s. 5; 1979, c. 835.)
NC Gen Stat § 58-70-55 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-55 - Office hours.

 58-70-55. Office hours.If an office of a duly licensed collection agency does not maintain normally accepted business hours, the hours the office is open shall be posted so as to be prominently displayed to the public at all times. If at any time it is anticipated that the permit holder's office will be closed to the public for a period exceeding seven days, the Department of Insurance shall be notified thereof in writing. (1979, c. 835.)
NC Gen Stat § 58-70-60 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-60 - Statements to be furnished each collection creditor.

 58-70-60. Statements to be furnished each collection creditor.(a) Acknowledgment of Accounts. - When any account is received for collection, the permit holder shall upon request furnish the collection creditor or forwarder with a written listing or acknowledgment of the accounts received.(b) Remittance Statements. - Each permit holder shall remit all moneys due to any collection creditor or forwarder within 30 days after the end of the collection month during which the collection was effected. The remittance shall be accompanied by a statement setting forth:(1) The date of remittance;(2) The debtor's name;(3) The date or month of collection and amount collected from each debtor; and(4) A breakdown showing money collected from each debtor and the amount due the creditor or forwarder. (1979, c. 835.)
NC Gen Stat § 58-70-65 (2021)
2021 North Carolina General Statutes|Chapter 58 - Insurance|Article 70 - Collection Agencies.|§ 58-70-65 - Remittance trust account.

 58-70-65. Remittance trust account.(a) Each permit holder shall deposit, no later than two banking days after receipt, in a separate trust account in any bank located in North Carolina or in any other bank approved by the Commissioner, sufficient funds to pay all moneys due or owed to all collection creditors or forwarders. The funds shall remain in the trust account until remitted to the creditor or forwarder, and shall not be commingled with any other operating funds. The trust account shall be used only for the purpose of:(1) Remitting to collection creditors or forwarders the proceeds to which they are entitled.(2) Remitting to the collection agency the commission that is due the collection agency.(3) Reimbursing consumers for overpayments.(4) Making adjustments to the trust account balance for bank service charges.(b) No refund for overpayment by a debtor in an amount of less than one dollar ($1.00) is required.(c) Each permit holder located outside this State shall deposit in a separate trust account, designated for its North Carolina creditors, funds to pay all monies due or owing all collection creditors or forwarders located within this State. In the case of alien corporations that are permit holders, the trust account must be established with a bank located in the United States or in any bank approved by the Commissioner. (1979, c. 835; 1989, c. 441, s. 10; c. 770, s. 52; 1991, c. 644, s. 23; 1993 (Reg. Sess., 1994), c. 678, s. 31; 2006-134, s. 3.)