§ 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 […]
§ 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 […]
§ 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 […]
§ 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 […]
§ 58-70-40 – Restraining orders; criminal convictions; permit revocations; other permit requirements.
58-70-40. Restraining orders; criminal convictions; permit revocations; other permit requirements. (a) When it appears to the Commissioner that any person has violated, is violating, or threatens to violate any provision of this Article, he may apply to the superior court of any county in which the violation has occurred, is occurring, or may occur for […]
§ 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.)
§ 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 […]
§ 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 […]
§ 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, […]
§ 58-70-5 – Application to Commissioner for permit.
58-70-5. Application to Commissioner for permit. (a) Any person, firm, corporation or association desiring to secure a permit as provided by G.S. 58-70-1, shall make application to the Commissioner of Insurance for each location at which the person, firm, corporation or association desires to carry on the collection agency business as defined in this Article. […]