SECTION .0200 ‑ ACTIONS REQUIRING APPROVAL OF
COMMISSIONER OF BANKS
04 NCAC 03E .0201 OPERATION OF OTHER BUSINESS IN SAME
(a) No licensee shall operate any other business in the
same office with its consumer finance business except upon written approval of
the Commissioner of Banks pursuant to G.S. 53-172(b).
(b) Any other loan business conducted at the same location
where a licensee makes loans pursuant to Chapter 53, Article 15 of the North
Carolina General Statutes, must be operated through a separate corporate
(c) Application for other business authority shall be made
upon a form provided by the Office of the Commissioner of Banks and shall be
accompanied by a fee of twenty five dollars ($25.00). The form shall be
obtained from and filed with:
Office of the
Commissioner of Banks
316 West Edenton
4309 Mail Service Center
Raleigh, North Carolina 27699-4309.
(d) Upon approval of the application, the Commissioner of
Banks will issue a Certificate of Authority which shall be posted in a public
area of a licensee's office.
History Note: Authority G.S. 53‑92; 53-122(3); 53‑168;
53‑172; 53‑185; 150B-21.2;
Eff. February 1, 1976;
Amended Eff. September 1, 2006; January 1, 1993.