53-178. No further charges; no splitting contracts; certain contracts void.
No further or other charges or insurance commissions shall be directly or indirectly contracted for or received by any licensee, affiliate, parent, subsidiary, or licensee under the same ownership, management, or control, whether partial or complete, except those specifically authorized by this Article, by the Commissioner under G.S. 53-172 or any other statute. No licensee shall divide into separate parts any contract made for the purpose of or with the effect of obtaining interest or charges in excess of those authorized by this Article. All balances due to a licensee from any person as a borrower or as an endorser, guarantor or surety for any borrower or otherwise jointly or severally, shall be considered a part of any loan being made by a licensee to such person for the purpose of computing interest or charges, or exceeding the maximum amount of fifteen thousand dollars ($15,000). (1961, c. 1053, s. 1; 1991 (Reg. Sess., 1992), c. 765, s. 2; 2015-179, s. 2.)
Structure North Carolina General Statutes
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.
§ 53-167 - Expenses of supervision.
§ 53-169 - Application for license.
§ 53-170 - Locations; change of ownership or management.
§ 53-171 - Revocation, suspension or surrender of license.
§ 53-172 - Conduct of other business in same office.
§ 53-175 - Fee for returned checks.
§ 53-176 - Rates, maturities and amounts.
§ 53-177.1 - Electronic transaction fees.
§ 53-178 - No further charges; no splitting contracts; certain contracts void.
§ 53-180 - Limitations and prohibitions on practices and agreements.
§ 53-180.1 - Military service members limitation.
§ 53-182 - Payment of loans; receipts.
§ 53-183 - Advertising, broadcasting, etc., false or misleading statements.
§ 53-184 - Securing of information; records and reports; allocations of expense.
§ 53-185 - Rules and regulations by Banking Commission and Commissioner.
§ 53-186 - Commissioner to issue subpoenas, conduct hearings, give publicity to investigations, etc.
§ 53-187 - Injunctive powers; receivers.
§ 53-188 - Review of regulations, order or act of Commission or Commissioner.