Chapter 53 - Regulation of Financial Services.

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Chapter 53
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Article 1 - Definitions.
G.S. 53-1
§ 53-1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 1A - General Provisions.
G.S. 53-1.1
§ 53-1.1. Banking definitions applicable to this Chapter.
Article 2 - Creation.
G.S. 53-15
§ 53-15. Repealed by Session Laws 1947, c. 696.
G.S. 53-16
§ 53-16: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-17
§ 53-17: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-17.1
§ 53-17.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-17.2
§ 53-17.2: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 3 - Dissolution and Liquidation.
G.S. 53-18
§ 53-18: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-19
§ 53-19: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-20
§ 53-20: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-21
§ 53-21: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-22
§ 53-22: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-23
§ 53-23: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-24
§ 53-24: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-25
§ 53-25: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-26
§ 53-26: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-27
§ 53-27: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-28
§ 53-28: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-29
§ 53-29: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-30
§ 53-30: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-31
§ 53-31: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-32
§ 53-32: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-33
§ 53-33: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-34
§ 53-34: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-35
§ 53-35: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-36
§ 53-36: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 4 - Reopening of Closed Banks.
G.S. 53-37
§ 53-37: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-38
§ 53-38: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 5 - Stockholders.
G.S. 53-39
§ 53-39: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-40
§ 53-40: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-41
§ 53-41: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-42
§ 53-42: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-42.1
§ 53-42.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 6 - Powers and Duties.
G.S. 53-43
§ 53-43: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-43.1
§ 53-43.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-43.2
§ 53-43.2: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-43.3
§ 53-43.3: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-43.4
§ 53-43.4: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-43.5
§ 53-43.5: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-43.6
§ 53-43.6: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-43.7
§ 53-43.7: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-44
§ 53-44: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-44.1
§ 53-44.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-44.2
§ 53-44.2: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-45
§ 53-45: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-46
§ 53-46: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-46.1
§ 53-46.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-47
§ 53-47: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-48
§ 53-48: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-49
§ 53-49: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-50
§ 53-50: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-51
§ 53-51: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-52
§ 53-52. Repealed by Session Laws 1981, c. 599, s. 19, effective October 1, 1981.
G.S. 53-53
§ 53-53. Repealed by Session Laws 1981, c. 599, s. 18, effective October 1, 1981.
G.S. 53-57 through 53-58
§§ 53-57 through 53-58. Repealed by Session Laws 1965, c. 700, s. 2.
G.S. 53-59
§ 53-59: Repealed by Session Laws 1991, c. 677, s. 3.
G.S. 53-66
§ 53-66. Repealed by Session Laws 1983, c. 214, s. 7, effective April 22, 1983.
G.S. 53-69
§ 53-69. Repealed by Session Laws 1945, c. 635.
G.S. 53-72
§ 53-72. Repealed by Session Laws 1971, c. 244, s. 3.
G.S. 53-73
§ 53-73: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-74
§ 53-74. Repealed by Session Laws 1971, c. 244, s. 3.
G.S. 53-77.1
§ 53-77.1: Repealed by Session Laws 1989, c. 187, s. 9.
G.S. 53-77.1A
§ 53-77.1A: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-77.2
§ 53-77.2. Repealed by Session Laws 1971, c. 319, s. 2.
G.S. 53-77.2A
§ 53-77.2A: Repealed by Session Laws 1995 (Regular Session, 1996), c. 556, s. 1.
G.S. 53-77.3
§ 53-77.3: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 7 - Officers and Directors.
G.S. 53-91
§ 53-91: Repealed by Session Laws 1995, c. 129, s. 17.
Article 8 - Commissioner of Banks and State Banking Commission.
G.S. 53-92
§ 53-92: Repealed by Session Laws 2012-56, s. 1, effective April 1, 2013.
G.S. 53-92.1
§ 53-92.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-93
§ 53-93: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-93.1
§ 53-93.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-97
§ 53-97. Repealed by Session Laws 1983, c. 328, s. 4, effective June 1, 1983.
G.S. 53-103
§ 53-103. Repealed by Session Laws 1945, c. 743, s. 1.
G.S. 53-104
§ 53-104: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-104.1
§ 53-104.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-105
§ 53-105: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-106
§ 53-106: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-107
§ 53-107: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-107.1
§ 53-107.1: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-107.2
§ 53-107.2: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-108
§ 53-108: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-109
§ 53-109: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-110
§ 53-110: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-111
§ 53-111: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-112
§ 53-112: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-113
§ 53-113: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-114
§ 53-114: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-115
§ 53-115: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-116
§ 53-116: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 9 - Bank Examiners.
G.S. 53-117
§ 53-117: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-118
§ 53-118: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-119
§ 53-119: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-120
§ 53-120: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-121
§ 53-121: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-122
§ 53-122: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-123
§ 53-123: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 10 - Penalties.
G.S. 53-124
§ 53-124: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-125
§ 53-125: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-126
§ 53-126: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-127
§ 53-127: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-128
§ 53-128: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-129
§ 53-129: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-130
§ 53-130: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-131
§ 53-131: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-132
§ 53-132: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-133
§ 53-133: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-134
§ 53-134: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
G.S. 53-135
§ 53-135: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
Article 11 - Industrial Banks.
G.S. 53-136
§ 53-136. Industrial bank defined.
G.S. 53-137
§ 53-137. Manner of organization.
G.S. 53-138
§ 53-138. Corporate title.
G.S. 53-139
§ 53-139. Capital stock.
G.S. 53-140
§ 53-140. Sales of capital stock; accounting; fees.
G.S. 53-141
§ 53-141. Powers.
G.S. 53-142
§ 53-142. Restriction on powers.
G.S. 53-143
§ 53-143. Investments; securities; loans; limitations.
G.S. 53-144
§ 53-144. Supervision and examination.
G.S. 53-145
§ 53-145. Sections of general law applicable.
Article 12 - Joint Deposits.
G.S. 53-146.2
§ 53-146.2: Repealed by Session Laws 2011-236, s. 1, effective October 1, 2011.
G.S. 53-147
§ 53-147. Repealed by Session Laws 1943, c. 543.
Article 13 - Conservation of Bank Assets and Issuance of Preferred Stock.
Article 14 - Trust Institutions Acting in a Fiduciary Capacity.
G.S. 53-158.10
§ 53-158.10. Definitions.
G.S. 53-159
§ 53-159. Trust institution may act as fiduciary.
G.S. 53-159.1
§ 53-159.1. Power of fiduciary or custodian to deposit securities in a clearing corporation.
G.S. 53-160
§ 53-160. License to do business.
G.S. 53-161
§ 53-161. Examination in connection with license as to solvency.
G.S. 53-162
§ 53-162: Repealed by Session Laws 2011-339, s. 7, effective October 1, 2011.
G.S. 53-163
§ 53-163. Clerk of superior court notified of license and revocation.
G.S. 53-163.1
§ 53-163.1. Funds held by a trust institution awaiting investment or distribution.
G.S. 53-163.2
§ 53-163.2. Investments in securities by trust institutions.
G.S. 53-163.3
§ 53-163.3. Fiduciary funds awaiting investment.
G.S. 53-163.4
§ 53-163.4: Reserved for future codification purposes.
G.S. 53-163.5
§ 53-163.5. Establishment of common trust funds.
G.S. 53-163.6
§ 53-163.6. Court accountings.
G.S. 53-163.7
§ 53-163.7. Supervision by State Banking Commission.
G.S. 53-163.8
§ 53-163.8. Uniformity of interpretation.
G.S. 53-163.9
§ 53-163.9. Short title.
Article 15 - North Carolina Consumer Finance Act.
G.S. 53-164
§ 53-164. Title.
G.S. 53-165
§ 53-165. Definitions.
Modified by:
G.S. 53-166
§ 53-166. Scope of Article; evasions; penalties; loans in violation of Article void.
Modified by:
G.S. 53-167
§ 53-167. Expenses of supervision.
Modified by:
G.S. 53-168
§ 53-168. License required; showing of convenience, advantage, and financial responsibility; investigation of applicants; hearings; existing businesses; contents of license; transfer; posting.
Modified by:
G.S. 53-169
§ 53-169. Application for license.
G.S. 53-170
§ 53-170. Locations; change of ownership or management.
Modified by:
G.S. 53-171
§ 53-171. Revocation, suspension, or surrender of license.
Modified by:
G.S. 53-172
§ 53-172. Conduct of other business in same office.
Modified by:
G.S. 53-173
§ 53-173. Computation of interest; application of payments; limitation on interest after judgment; limitation on interest after maturity of the loan.
Modified by:
G.S. 53-173.1
§ 53-173.1: Repealed by Session Laws 1989, c. 17, s. 4.
G.S. 53-173.2
§ 53-173.2. Repealed by Session Laws 1975, c. 110, s. 2.
G.S. 53-174
§ 53-174: Repealed by Session Laws 1989, c. 17, s. 4.
G.S. 53-175
§ 53-175. Fee for returned checks.
G.S. 53-176
§ 53-176. Rates, maturities, and amounts.
Modified by:
G.S. 53-176.1
§ 53-176.1: Repealed by Session Laws 1989, c. 17, s. 4.
G.S. 53-177
§ 53-177. Fees.
Modified by:
G.S. 53-177.1
§ 53-177.1. Electronic transaction fees.
G.S. 53-178
§ 53-178. No further charges; no splitting contracts; certain contracts void.
Modified by:
G.S. 53-179
§ 53-179: Repealed by Session Laws 2015-179, s. 3, effective September 1, 2015.
G.S. 53-180
§ 53-180. Limitations and prohibitions on practices and agreements.
Modified by:
G.S. 53-180.1
§ 53-180.1. Military service members limitation.
G.S. 53-181
§ 53-181. Statements and information to be furnished to borrowers; power of attorney or confession of judgment prohibited.
Modified by:
G.S. 53-182
§ 53-182. Payment of loans; receipts.
Modified by:
G.S. 53-183
§ 53-183. Advertising, broadcasting, etc., false or misleading statements.
G.S. 53-184
§ 53-184. Securing of information; records and reports; allocations of expense.
Modified by:
G.S. 53-185
§ 53-185. Rules and regulations by Banking Commission and Commissioner.
G.S. 53-186
§ 53-186. Commissioner to issue subpoenas, conduct hearings, give publicity to investigations, etc.
G.S. 53-187
§ 53-187. Injunctive powers; receivers.
G.S. 53-188
§ 53-188. Review of regulations, order or act of Commission or Commissioner.
G.S. 53-189
§ 53-189. Insurance.
G.S. 53-190
§ 53-190. Loans made elsewhere.
Modified by:
G.S. 53-191
§ 53-191. (Effective for taxes imposed for taxable years beginning before July 1, 2024) Businesses exempted.
Modified by:
Article 16 - Money Transmitters Act.
G.S. 53-192
§§ 53-192 through 53-208: Repealed by Session Laws 2001-443, s. 1, effective November 1, 2001, and applicable to contracts entered into on or after that date.
G.S. 53-207
§§ 53-192 through 53-208: Repealed by Session Laws 2001-443, s. 1, effective November 1, 2001, and applicable to contracts entered into on or after that date.
G.S. 53-208
§§ 53-192 through 53-208: Repealed by Session Laws 2001-443, s. 1, effective November 1, 2001, and applicable to contracts entered into on or after that date.
Article 16A - Money Transmitters Act.
G.S. 53-208.1
§§ 53-208.1 through 53-208.30: Repealed by Session Laws 2016-81, s. 2, as amended by Session Laws 2017-102, s. 46, effective October 1, 2016.
G.S. 53-208.2
§§ 53-208.1 through 53-208.30: Repealed by Session Laws 2016-81, s. 2, as amended by Session Laws 2017-102, s. 46, effective October 1, 2016.
G.S. 53-208.3
§§ 53-208.1 through 53-208.30: Repealed by Session Laws 2016-81, s. 2, as amended by Session Laws 2017-102, s. 46, effective October 1, 2016.
G.S. 53-208.29
§§ 53-208.1 through 53-208.30: Repealed by Session Laws 2016-81, s. 2, as amended by Session Laws 2017-102, s. 46, effective October 1, 2016.
G.S. 53-208.30
§§ 53-208.1 through 53-208.30: Repealed by Session Laws 2016-81, s. 2, as amended by Session Laws 2017-102, s. 46, effective October 1, 2016.
Article 16B - Money Transmitters Act.
G.S. 53-208.41
§ 53-208.41. Title.
G.S. 53-208.42
§ 53-208.42. Definitions.
G.S. 53-208.43
§ 53-208.43. License requirement.
G.S. 53-208.44
§ 53-208.44. Exemptions.
G.S. 53-208.45
§ 53-208.45. License application.
G.S. 53-208.46
§ 53-208.46. Minimum net worth.
G.S. 53-208.47
§ 53-208.47. Surety bond.
G.S. 53-208.48
§ 53-208.48. Permissible investments and statutory trust.
G.S. 53-208.49
§ 53-208.49. Application fees and annual assessment.
G.S. 53-208.50
§ 53-208.50. Issuance of license.
G.S. 53-208.51
§ 53-208.51. Prohibited practices.
G.S. 53-208.52
§ 53-208.52. Maintenance of records.
G.S. 53-208.53
§ 53-208.53. Reporting.
G.S. 53-208.54
§ 53-208.54. Notice of Material Event.
G.S. 53-208.55
§ 53-208.55. Examination and investigation authority.
G.S. 53-208.56
§ 53-208.56. Licensure authority.
G.S. 53-208.57
§ 53-208.57. Disciplinary authority.
G.S. 53-208.58
§ 53-208.58. Criminal penalties.
G.S. 53-208.59
§ 53-208.59. Confidentiality.
G.S. 53-208.60
§ 53-208.60. Rules.
G.S. 53-208.61
§ 53-208.61. Service of process.
G.S. 53-208.62
§ 53-208.62. Commissioner's participation in nationwide registry.
G.S. 53-208.63
§ 53-208.63. Severability.
G.S. 53-208.64
§ 53-208.64. Transition.
Article 17 - North Carolina Reciprocal Interstate Banking Act.
G.S. 53-209
§ 53-209. Title.
G.S. 53-210
§ 53-210. Definitions.
G.S. 53-211
§ 53-211. Acquisitions by out-of-state bank holding companies.
G.S. 53-212
§ 53-212: Repealed by Session Laws 1993, c. 175, s. 10, as amended by Session Laws 1993 (Regular Session, 1994), c. 599, s. 1.
G.S. 53-212.1
§ 53-212.1. Bank agent for deposit institution affiliate.
G.S. 53-213
§ 53-213. Prohibitions.
G.S. 53-214
§ 53-214. Applicable laws, rules and regulations.
G.S. 53-215
§ 53-215. Appeal of Commissioner's decision.
G.S. 53-216
§ 53-216. Periodic reports; interstate agreements.
G.S. 53-217
§ 53-217. Enforcement.
G.S. 53-218
§ 53-218. Nonseverability.
Article 17A - Interstate Branch Banking.
G.S. 53-219 through 53-224.8
§§ 53-219 through 53-224.8: Repealed by Session Laws 1995, c. 322, s. 1.
Article 17B - Interstate Branch Banking.
G.S. 53-224.9
§ 53-224.9. Definitions.
G.S. 53-224.10
§ 53-224.10. Purpose.
G.S. 53-224.11
§ 53-224.11. Interstate branching by North Carolina State banks.
G.S. 53-224.12
§ 53-224.12. Interstate branching by de novo entry.
G.S. 53-224.13
§ 53-224.13. Interstate branching through the acquisition of a branch.
G.S. 53-224.14
§ 53-224.14. Requirement of notice and other conditions.
G.S. 53-224.15
§ 53-224.15. Conditions for approval.
G.S. 53-224.16
§ 53-224.16. Powers.
G.S. 53-224.17
§ 53-224.17. Purpose.
G.S. 53-224.18
§ 53-224.18. Authority of State banks to establish interstate branches by merger.
G.S. 53-224.19
§ 53-224.19. Interstate merger transactions and branching permitted.
G.S. 53-224.20
§ 53-224.20. Notice and filing requirements.
G.S. 53-224.21
§ 53-224.21. Conditions for interstate merger prior to June 1, 1997.
G.S. 53-224.22
§ 53-224.22. Powers.
G.S. 53-224.23
§ 53-224.23. Applicability of supervisory authority.
G.S. 53-224.24
§ 53-224.24. Examinations; periodic reports; cooperative agreements; assessment of fees.
G.S. 53-224.25
§ 53-224.25. Enforcement.
G.S. 53-224.26
§ 53-224.26. Rules.
G.S. 53-224.27
§ 53-224.27. Additional branches.
G.S. 53-224.28
§ 53-224.28. Notice of subsequent merger or other change in control.
G.S. 53-224.29
§ 53-224.29. Branch closings.
G.S. 53-224.30
§ 53-224.30. Appeal of Commissioner's decision.
G.S. 53-224.31
§ 53-224.31. Severability.
Article 18 - Bank Holding Company Act of 1984.
G.S. 53-225
§§ 53-225 through 53-228: Repealed by Sessions Laws 2017-165, s. 12, effective July 21, 2017.
G.S. 53-227.1
§§ 53-225 through 53-228: Repealed by Sessions Laws 2017-165, s. 12, effective July 21, 2017.
G.S. 53-228
§§ 53-225 through 53-228: Repealed by Sessions Laws 2017-165, s. 12, effective July 21, 2017.
G.S. 53-229
§ 53-229: Repealed by Session Laws 1995, c. 129, s. 31.
G.S. 53-230
§§ 53-230, 53-231: Repealed by Session Laws 2017-165, s. 12, effective July 21, 2017.
G.S. 53-231
§§ 53-230, 53-231: Repealed by Session Laws 2017-165, s. 12, effective July 21, 2017.
G.S. 53-232
§ 53-232: Recodified as G.S. 53C-10-303 by Session Laws 2017-165, s. 11, effective July 21, 2017.
Article 18A - North Carolina International Banking Act.
G.S. 53-232.1
§ 53-232.1. Title and scope.
G.S. 53-232.2
§ 53-232.2. Definitions.
G.S. 53-232.3
§ 53-232.3. Authority to establish and operate federal international bank institutions, international bank branches, international bank agencies, and international representative offices.
G.S. 53-232.4
§ 53-232.4. Application of this Chapter.
G.S. 53-232.5
§ 53-232.5. Application of the North Carolina Business Corporation Act.
G.S. 53-232.6
§ 53-232.6. Requirements for carrying on banking business.
G.S. 53-232.7
§ 53-232.7. Actions against international banking corporations.
G.S. 53-232.8
§ 53-232.8. Application for license.
G.S. 53-232.9
§ 53-232.9. Effect, renewal, and revocation of licenses; permissible activities.
G.S. 53-232.10
§ 53-232.10. Securities, etc., to be held in this State.
G.S. 53-232.11
§ 53-232.11. Financial certification; restrictions on investments, loans, and acceptances.
G.S. 53-232.12
§ 53-232.12. Reports.
G.S. 53-232.13
§ 53-232.13. Dissolution.
G.S. 53-232.14
§ 53-232.14. International representative offices.
G.S. 53-232.15
§ 53-232.15. Rules.
G.S. 53-232.16
§ 53-232.16. Cease and desist.
G.S. 53-232.17
§ 53-232.17. Appeal of Commissioner's decision.
Article 19 - Registration of Mortgage Bankers and Brokers.
G.S. 53-233
§§ 53-233 through 53-243: Repealed by Session Laws 2001-393, s. 1, effective July 1, 2002.
G.S. 53-242
§§ 53-233 through 53-243: Repealed by Session Laws 2001-393, s. 1, effective July 1, 2002.
G.S. 53-243
§§ 53-233 through 53-243: Repealed by Session Laws 2001-393, s. 1, effective July 1, 2002.
Article 19A - Mortgage Lending Act.
G.S. 53-243.01
§ 53-243.01: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.02
§ 53-243.02: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.03
§ 53-243.03: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.04
§ 53-243.04: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.05
§ 53-243.05: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.05A
§ 53-243.05A: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.06
§ 53-243.06: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.07
§ 53-243.07: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.08
§ 53-243.08: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.09
§ 53-243.09: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.10
§ 53-243.10: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.11
§ 53-243.11: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.12
§ 53-243.12: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.13
§ 53-243.13: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.14
§ 53-243.14: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.15
§ 53-243.15: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.16
§ 53-243.16: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.17
§ 53-243.17: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-243.18
§ 53-243.18: Repealed by Session Laws 2009-374, s. 1, effective July 31, 2009, and applicable to all applications for licensure as a mortgage loan originator, mortgage lender, mortgage broker, or mortgage servicer filed on or after that date.
G.S. 53-244
§ 53-244. Reserved for future codification purposes.
Article 19B - The Secure and Fair Enforcement Mortgage Licensing Act.
G.S. 53-244.010
§ 53-244.010. Title.
G.S. 53-244.020
§ 53-244.020. Purpose and construction.
G.S. 53-244.030
§ 53-244.030. Definitions.
G.S. 53-244.040
§ 53-244.040. License and registration requirements.
G.S. 53-244.050
§ 53-244.050. License and registration application; claim of exemption.
Modified by:
G.S. 53-244.060
§ 53-244.060. Issuance of license or registration.
G.S. 53-244.070
§ 53-244.070. Educational requirements for mortgage loan originators.
G.S. 53-244.080
§ 53-244.080. Testing requirements for mortgage loan originators.
G.S. 53-244.090
§ 53-244.090. Application fees.
G.S. 53-244.100
§ 53-244.100. Active license or registration requirements and assignability.
G.S. 53-244.100A
§ 53-244.100A. Assessments.
G.S. 53-244.101
§ 53-244.101. License and registration renewal.
G.S. 53-244.102
§ 53-244.102. Continuing education for mortgage loan originators.
G.S. 53-244.103
§ 53-244.103. Surety bond requirements.
G.S. 53-244.104
§ 53-244.104. Minimum net worth requirements.
G.S. 53-244.105
§ 53-244.105. Records, addresses, escrow funds, or trust accounts.
G.S. 53-244.106
§ 53-244.106. Display of license.
G.S. 53-244.107
§ 53-244.107. Unique identifier shown.
G.S. 53-244.108
§ 53-244.108. Reports.
G.S. 53-244.109
§ 53-244.109. Mortgage broker duties.
G.S. 53-244.110
§ 53-244.110. Mortgage servicer duties.
G.S. 53-244.111
§ 53-244.111. Prohibited acts.
G.S. 53-244.112
§ 53-244.112. Criminal penalties for unlicensed activity.
G.S. 53-244.113
§ 53-244.113. Regulatory authority.
G.S. 53-244.114
§ 53-244.114. Licensure and registration authority.
G.S. 53-244.115
§ 53-244.115. Investigation and examination authority.
G.S. 53-244.116
§ 53-244.116. Disciplinary authority.
G.S. 53-244.117
§ 53-244.117: Repealed by Session Laws 2013-412, s. 6, effective August 23, 2013.
G.S. 53-244.118
§ 53-244.118. Rule-making authority; records.
G.S. 53-244.119
§ 53-244.119. Commissioner's participation in nationwide registry.
G.S. 53-244.120
§ 53-244.120. Confidentiality of information.
G.S. 53-244.121
§ 53-244.121. Review by Banking Commission.
Article 20 - Refund Anticipation Loan Act.
G.S. 53-245
§ 53-245. Title and scope.
G.S. 53-246
§ 53-246. Definitions.
G.S. 53-247
§ 53-247. Registration requirement.
G.S. 53-248
§ 53-248. Registration procedure; informal hearing.
G.S. 53-249
§ 53-249. Filing and posting of loan fees; disclosures.
G.S. 53-250
§ 53-250. Prohibited activities.
G.S. 53-251
§ 53-251. Cease and desist; revocation of registration; penalties.
G.S. 53-252
§ 53-252. Appeal of Commissioner's decision.
G.S. 53-253
§ 53-253. Rules; enforcement.
G.S. 53-254
§ 53-254. Exemption.
Article 21 - Reverse Mortgages.
G.S. 53-255
§ 53-255. Title.
G.S. 53-256
§ 53-256. Purpose.
G.S. 53-257
§ 53-257. Definitions.
G.S. 53-258
§ 53-258. Authority and procedures governing reverse mortgage loans.
G.S. 53-259
§ 53-259. Application of rules.
G.S. 53-260
§ 53-260. Interest.
G.S. 53-261
§ 53-261. Taxes, insurance, and assessments.
G.S. 53-262
§ 53-262. Renegotiation of loan; calculation of outstanding balance; prepayment.
G.S. 53-263
§ 53-263. Limits on borrowers' liability.
G.S. 53-264
§ 53-264. Disclosures of loan terms.
G.S. 53-265
§ 53-265. Information required of lender.
G.S. 53-266
§ 53-266. Effects of lender's default.
G.S. 53-267
§ 53-267. Repayment upon borrower's default.
G.S. 53-268
§ 53-268. Time for initiation of foreclosure.
G.S. 53-269
§ 53-269. Counseling provisions.
G.S. 53-270
§ 53-270. Prohibited acts.
G.S. 53-270.1
§ 53-270.1. Contracts for shared appreciation or shared value.
G.S. 53-271
§ 53-271. Commissioner's authority to enforce; penalties.
G.S. 53-272
§ 53-272. Appeals.
Article 22 - Check-Cashing Businesses.
G.S. 53-275
§ 53-275. Definitions.
G.S. 53-276
§ 53-276. License required.
G.S. 53-277
§ 53-277. Exemptions.
G.S. 53-278
§ 53-278. Application for license; investigation; application fee.
G.S. 53-279
§ 53-279. Liquid assets required; other qualifications; denial of license; hearing.
G.S. 53-280
§ 53-280. Maximum fees for service; fees posted; endorsement of checks cashed.
G.S. 53-281
§ 53-281: Expired.
G.S. 53-282
§ 53-282. Record keeping; receipt requirements.
G.S. 53-283
§ 53-283. Prohibited practices.
G.S. 53-284
§ 53-284. Suspension and revocation of license; grounds; procedure.
G.S. 53-285
§ 53-285. Cease and desist orders.
G.S. 53-286
§ 53-286. Civil penalties and restitution.
G.S. 53-287
§ 53-287. Criminal penalties.
G.S. 53-288
§ 53-288. Commissioner to adopt rules.
G.S. 53-289
§ 53-289. Commission may review rules, orders, or acts by Commissioner.
G.S. 53-290 through 53-294
§§ 53-290 through 53-294. Reserved for future codification purposes.
Article 23 - Continuity of Contract Under European Monetary Union.
G.S. 53-295
§ 53-295. Definitions.
G.S. 53-296
§ 53-296. Continuity of contract.
G.S. 53-297
§ 53-297. Effect of currency substitution on performance.
G.S. 53-298
§ 53-298. References to ECU in contracts.
G.S. 53-299
§ 53-299. Application.
G.S. 53-300
§ 53-300. No application to other currency alteration.
Article 24 - Trust Companies and Interstate Trust Business.
G.S. 53-301
§ 53-301. Definitions.
G.S. 53-302
§ 53-302. Title and purposes.
G.S. 53-303
§ 53-303. Companies authorized to engage in trust business.
G.S. 53-304
§ 53-304. Activities not requiring a charter, license, or approval.
G.S. 53-305
§ 53-305. Trust business of State trust institution.
G.S. 53-306
§ 53-306. Trust business of out-of-state trust institution.
G.S. 53-307
§ 53-307. Trust business of foreign trust institution.
G.S. 53-308
§ 53-308. Name of trust institution.
G.S. 53-309
§ 53-309. Trust deposits of authorized trust institutions.
G.S. 53-310
§ 53-310. Offices of State trust companies.
G.S. 53-311
§ 53-311. State trust company principal office.
G.S. 53-312
§ 53-312. Trust offices; representative trust offices.
G.S. 53-313
§ 53-313. Out-of-state trust offices and representative trust offices.
G.S. 53-314
§ 53-314. Trust business through a branch or trust office.
G.S. 53-315
§ 53-315. Establishing an interstate trust office.
G.S. 53-316
§ 53-316. Acquiring an interstate trust office.
G.S. 53-317
§ 53-317. Requirement of notice.
G.S. 53-318
§ 53-318. Action on notice.
G.S. 53-319
§ 53-319. Additional trust offices; representative trust offices.
G.S. 53-320
§ 53-320. Examinations; periodic reports; cooperative agreements; assessment of fees.
G.S. 53-321
§ 53-321. Enforcement.
G.S. 53-322
§ 53-322. Notice of transactions that cause a change in control.
G.S. 53-323
§ 53-323. Foreign trust institution application for trust office or representative trust office.
G.S. 53-324
§ 53-324. Conditions for approval.
G.S. 53-325
§ 53-325. Additional trust offices and representative trust offices.
G.S. 53-326
§ 53-326. Examinations; periodic reports; cooperative agreements; assessment of fees.
G.S. 53-327
§ 53-327. Enforcement.
G.S. 53-328
§ 53-328. Notice of transactions that cause a change in control.
G.S. 53-329
§ 53-329. International agreements.
G.S. 53-330
§ 53-330. Title and purposes.
G.S. 53-331
§ 53-331. Organization and powers of State trust company.
G.S. 53-332
§ 53-332. Articles of incorporation of State trust company.
G.S. 53-333
§ 53-333. Application for State trust company charter and permission to incorporate State trust company.
G.S. 53-334
§ 53-334. Notice and investigation of charter application.
G.S. 53-335
§ 53-335. Decision on charter application and hearing.
G.S. 53-336
§ 53-336. Issuance of charter.
G.S. 53-337
§ 53-337. Required initial capital.
G.S. 53-338
§ 53-338. Subordinated notes or debentures.
G.S. 53-339
§ 53-339. Application of laws relating to general business corporations.
G.S. 53-340
§ 53-340. Investment in State trust company facilities.
G.S. 53-341
§ 53-341. Other real estate.
G.S. 53-342
§ 53-342. Securities and other investments.
G.S. 53-343
§ 53-343. Prohibited distributions, acquisitions, liens, or pledges.
G.S. 53-344
§ 53-344. Subsidiaries.
G.S. 53-345
§ 53-345. Engaging in commerce prohibited.
G.S. 53-346
§ 53-346. Lending and lease financing; conversion to State bank.
G.S. 53-347
§ 53-347. Acquisition of control.
G.S. 53-348
§ 53-348. Application regarding acquisition of control.
G.S. 53-349
§ 53-349. Decision on acquisition of control.
G.S. 53-350
§ 53-350. Appeal.
G.S. 53-351
§ 53-351. Report of changes in chief executive officer or directors.
G.S. 53-352
§ 53-352. Board of directors.
G.S. 53-353
§ 53-353. Required board meetings.
G.S. 53-354
§ 53-354. Officers.
G.S. 53-355
§ 53-355. Certain criminal offenses.
G.S. 53-356
§ 53-356. Responsibility of directors.
G.S. 53-357
§ 53-357. Record keeping.
G.S. 53-358
§ 53-358. Bonding requirements; reports of apparent crime.
G.S. 53-359
§ 53-359. Merger, share exchange, or asset transfer authority.
G.S. 53-360
§ 53-360. Merger, share exchange, or asset transfer application.
G.S. 53-361
§ 53-361. Notice and investigation of merger, share exchange, or asset transfer; decision, hearing, and appeal.
G.S. 53-362
§ 53-362. Appraisal rights of shareholders in mergers, share exchanges, or asset transfers.
G.S. 53-363
§ 53-363. Private trust companies.
G.S. 53-364
§ 53-364. Requirements to apply for and maintain status as a private trust company.
G.S. 53-365
§ 53-365. Conversion to public trust company.
G.S. 53-366
§ 53-366. Applicability of other laws to authorized trust institutions; status of State trust company.
G.S. 53-367
§ 53-367. Commissioner shall have supervision over authorized trust institutions and shall examine.
G.S. 53-368
§ 53-368. Assessment of State trust companies.
G.S. 53-369
§ 53-369. Administrative orders; penalties for violation; increase of equity capital.
G.S. 53-370
§ 53-370. Notice and opportunity for hearing.
G.S. 53-371
§ 53-371. Removal of directors, officers, and employees.
G.S. 53-372
§ 53-372. Required vote of shareholders.
G.S. 53-373
§ 53-373. Corporate procedure.
G.S. 53-374
§ 53-374. Authority to liquidate; publication.
G.S. 53-375
§ 53-375. Examination and reports.
G.S. 53-376
§ 53-376. Unclaimed property.
G.S. 53-377
§ 53-377. When Commissioner may take charge.
G.S. 53-378
§ 53-378. Directors may act.
G.S. 53-379
§ 53-379. Notice of seizure; bar to attachment of liens.
G.S. 53-380
§ 53-380. Notice to trust institutions, corporations, and others holding assets; existing liens.
G.S. 53-381
§ 53-381. Permission to resume business.
G.S. 53-382
§ 53-382. Remedy for seizure; answer to notice; injunction; appeal; and motions.
G.S. 53-383
§ 53-383. Collection of debts and claims; Commissioner succeeds to all property of the State trust company.
G.S. 53-384
§ 53-384. Bond of the Commissioner; surety; condition; minimum penalty.
G.S. 53-385
§ 53-385. Inventory.
G.S. 53-386
§ 53-386. Notice and time for filing claims.
G.S. 53-387
§ 53-387. Power to reject claims; notice; affidavit of service; action on claims.
G.S. 53-388
§ 53-388. List of claims presented, copies, and proviso.
G.S. 53-389
§ 53-389. Declaration of dividends; order of preference in distribution.
G.S. 53-390
§ 53-390. Deposit of funds collected.
G.S. 53-391
§ 53-391. Employment of counsel, accountants, and other experts; compensation.
G.S. 53-392
§ 53-392. Unclaimed dividends held in trust.
G.S. 53-393
§ 53-393. Action by the Commissioner following full settlement.
G.S. 53-394
§ 53-394. Annual report of the Commissioner; items included; reports of condition of State trust companies.
G.S. 53-395
§ 53-395. Compensation of the Commissioner's office.
G.S. 53-396
§ 53-396. Exclusive method of liquidation.
G.S. 53-397
§ 53-397. Disposition of books and records.
G.S. 53-398
§ 53-398. Destruction of books and records.
G.S. 53-399
§ 53-399. Petition for new trustee.
G.S. 53-400
§ 53-400. Report to the Secretary of State.
G.S. 53-401
§ 53-401. Provisions for conservator; duties and powers.
G.S. 53-402
§ 53-402. Examination.
G.S. 53-403
§ 53-403. Termination of conservatorship.
G.S. 53-404
§ 53-404. Rights and liabilities of conservator.
G.S. 53-405
§ 53-405. Naming of conservator not liquidation.
G.S. 53-406
§ 53-406. Sale of assets by board of jeopardized State trust company.
G.S. 53-407
§ 53-407. Authority to act as disbursing agent.
G.S. 53-408
§ 53-408. Payment to creditors.
G.S. 53-409
§ 53-409. Issuance of preferred shares by jeopardized trust company.
G.S. 53-410
§ 53-410. Commissioner to act under authority of the Commission.
G.S. 53-411
§ 53-411. Rules.
G.S. 53-412
§ 53-412. Commissioner hearings; appeals.
G.S. 53-413
§ 53-413. Civil enforcement.
G.S. 53-414
§ 53-414. Cancellation of charter.
G.S. 53-415
§ 53-415. Severability.
G.S. 53-420
§ 53-420. Affiliate transfers authorized; procedure.
G.S. 53-421
§ 53-421. Objection to affiliate transfer.
G.S. 53-422
§ 53-422. Effect of affiliate transfer.
G.S. 53-423
§ 53-423. Trust institution as agent.
G.S. 53-424
§ 53-424. Construction.
Article 25 - Asset-Backed Securities Facilitation.
G.S. 53-425
§ 53-425. Definitions.
G.S. 53-426
§ 53-426. Waiver of equity of redemption.