North Carolina General Statutes § 66-109 Filing with Secretary of State

(a)        Prior to placing any advertisement or making any other representations to prospective borrowers in this State, every loan broker shall file with the Secretary of State two copies of the disclosure statement required by G.S. 66-107, and either a copy of the bond required by G.S. 66-108, or a copy of the formal notification by the depository that the trust account required by G.S. 66-108 is established.  These filings shall be updated as any material changes in the required information or the status of the bond or trust account occur, but no less than annually.

(b)        Failure to comply with subsection (a) shall be a Class 1 misdemeanor. (1979, c. 705, s. 1; 1981, c. 785, s. 2; 1993, c. 539, s. 523; 1994, Ex. Sess., c. 24, s. 14(c).)

Sections:  Previous  66-97  66-98  66-99  66-100  66-106  66-107  66-108  66-109  66-110  66-111  66-112  66-118  66-119  66-120  66-121  Next

Last modified: March 23, 2014