Section .0200 ‑ Actions Requiring Approval Of Commissioner Of Banks

Link to law: http://reports.oah.state.nc.us/ncac/title 04 - commerce/chapter 03 - banking commission/subchapter e/04 ncac 03e .0201.html
Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
SECTION .0200 ‑ ACTIONS REQUIRING APPROVAL OF

COMMISSIONER OF BANKS

 

04 NCAC 03E .0201          OPERATION OF OTHER BUSINESS IN SAME

OFFICE

(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

entity.

(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

Street

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.