GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
SESSION LAW 2011-320
SENATE BILL 63
AN ACT to clarify that regular employees of duly licensed debt collection agencies are not required to obtain a COLLECTION agency permit.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 58-70-1 reads as rewritten:
"§ 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 in this State licensed
pursuant to this Article to procure a collection agency permit."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 18th day of June, 2011.
s/ Philip E. Berger
President Pro Tempore of the Senate
s/ Thom Tillis
Speaker of the House of Representatives
s/ Beverly E. Perdue
Governor
Approved 11:07 a.m. this 27th day of June, 2011