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.