North Carolina Code — 053
Browse 459 sections in division 053 of the North Carolina code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 53-1. 1. Banking definitions applicable to this Chapter.
- § 53-77. 1A: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
- § 53-77. 3: Repealed by Session Laws 2012-56, s. 1, effective October 1, 2012.
- § 53-136. Industrial bank defined.
- § 53-137. Manner of organization.
- § 53-138. Corporate title.
- § 53-139. Capital stock.
- § 53-140. Sales of capital stock; accounting; fees.
- § 53-141. Powers.
- § 53-142. Restriction on powers.
- § 53-143. Investments; securities; loans; limitations.
- § 53-144. Supervision and examination.
- § 53-145. Sections of general law applicable.
- § 53-146. 2: Repealed by Session Laws 2011-236, s. 1, effective October 1, 2011.
- § 53-158. 10. Definitions.
- § 53-159. Trust institution may act as fiduciary.
- § 53-159. 1. Power of fiduciary or custodian to deposit securities in a clearing corporation.
- § 53-160. License to do business.
- § 53-161. Examination in connection with license as to solvency.
- § 53-163. Clerk of superior court notified of license and revocation.
- § 53-163. 1. Funds held by a trust institution awaiting investment or distribution.
- § 53-163. 2. Investments in securities by trust institutions.
- § 53-163. 3. Fiduciary funds awaiting investment.
- § 53-163. 5. Establishment of common trust funds.
- § 53-163. 6. Court accountings.
- § 53-163. 7. Supervision by State Banking Commission.
- § 53-163. 8. Uniformity of interpretation.
- § 53-163. 9. Short title.
- § 53-164. Title.
- § 53-165. Definitions.
- § 53-166. (Effective until December 1, 2021) Scope of Article; evasions; penalties; loans in violation of Article void.
- § 53-167. Expenses of supervision.
- § 53-168. License required; showing of convenience, advantage and financial responsibility; investigation of applicants; hearings; existing businesses; contents of license; transfer; posting.
- § 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.
- § 53-173. Computation of interest; application of payments; limitation on interest after judgment; limitation on interest after maturity of the loan.
- § 53-175. Fee for returned checks.
- § 53-176. Rates, maturities and amounts.
- § 53-177. 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.
- § 53-181. Statements and information to be furnished to borrowers; power of attorney or confession of judgment prohibited.
- § 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.
- § 53-189. Insurance.
- § 53-190. Loans made elsewhere.
- § 53-191. Businesses exempted.
- § 53-208. 41. Title.
- § 53-208. 42. Definitions.
- § 53-208. 43. License requirement.
- § 53-208. 44. Exemptions.
- § 53-208. 45. License application.
- § 53-208. 46. Minimum net worth.
- § 53-208. 47. Surety bond.
- § 53-208. 48. Permissible investments and statutory trust.
- § 53-208. 49. Application fees and annual assessment.
- § 53-208. 50. Issuance of license.
- § 53-208. 51. Prohibited practices.
- § 53-208. 52. Maintenance of records.
- § 53-208. 53. Reporting.
- § 53-208. 54. Notice of Material Event.
- § 53-208. 55. Examination and investigation authority.
- § 53-208. 56. Licensure authority.
- § 53-208. 57. Disciplinary authority.
- § 53-208. 58. Criminal penalties.
- § 53-208. 59. Confidentiality.
- § 53-208. 60. Rules.
- § 53-208. 61. Service of process.
- § 53-208. 62. Commissioner's participation in nationwide registry.
- § 53-208. 63. Severability.
- § 53-208. 64. Transition.
- § 53-209. Title.
- § 53-210. Definitions.
- § 53-211. Acquisitions by out-of-state bank holding companies.
- § 53-212. 1. Bank agent for deposit institution affiliate.
- § 53-213. Prohibitions.
- § 53-214. Applicable laws, rules and regulations.
- § 53-215. Appeal of Commissioner's decision.
- § 53-216. Periodic reports; interstate agreements.
- § 53-217. Enforcement.
- § 53-218. Nonseverability.
- § 53-224. 9. Definitions.
- § 53-224. 10. Purpose.
- § 53-224. 11. Interstate branching by North Carolina State banks.
- § 53-224. 12. Interstate branching by de novo entry.
- § 53-224. 13. Interstate branching through the acquisition of a branch.
- § 53-224. 14. Requirement of notice and other conditions.
- § 53-224. 15. Conditions for approval.
- § 53-224. 16. Powers.
- § 53-224. 17. Purpose.
- § 53-224. 18. Authority of State banks to establish interstate branches by merger.
- § 53-224. 19. Interstate merger transactions and branching permitted.
- § 53-224. 20. Notice and filing requirements.
- § 53-224. 21. Conditions for interstate merger prior to June 1, 1997.
- § 53-224. 22. Powers.
- § 53-224. 23. Applicability of supervisory authority.
- § 53-224. 24. Examinations; periodic reports; cooperative agreements; assessment of fees.
- § 53-224. 25. Enforcement.
- § 53-224. 26. Rules.
- § 53-224. 27. Additional branches.
- § 53-224. 28. Notice of subsequent merger or other change in control.
- § 53-224. 29. Branch closings.
- § 53-224. 30. Appeal of Commissioner's decision.
- § 53-224. 31. Severability.
- § 53-232. 1. Title and scope.
- § 53-232. 2. Definitions.
- § 53-232. 3. Authority to establish and operate federal international bank institutions, international bank branches, international bank agencies, and international representative offices.
- § 53-232. 4. Application of this Chapter.
- § 53-232. 5. Application of the North Carolina Business Corporation Act.
- § 53-232. 6. Requirements for carrying on banking business.
- § 53-232. 7. Actions against international banking corporations.
- § 53-232. 8. Application for license.
- § 53-232. 9. Effect, renewal, and revocation of licenses; permissible activities.
- § 53-232. 10. Securities, etc., to be held in this State.
- § 53-232. 11. Financial certification; restrictions on investments, loans, and acceptances.
- § 53-232. 12. Reports.
- § 53-232. 13. Dissolution.
- § 53-232. 15. Rules.
- § 53-232. 16. Cease and desist.
- § 53-232. 17. Appeal of Commissioner's decision.
- § 53-244. 010. Title.
- § 53-244. 020. Purpose and construction.
- § 53-244. 030. Definitions.
- § 53-244. 040. License and registration requirements.
- § 53-244. 050. License and registration application; claim of exemption.
- § 53-244. 060. Issuance of license or registration.
- § 53-244. 070. Educational requirements for mortgage loan originators.
- § 53-244. 080. Testing requirements for mortgage loan originators.
- § 53-244. 090. Application fees.
- § 53-244. 100. Active license or registration requirements and assignability.
- § 53-244. 100A. Assessments.
- § 53-244. 101. License and registration renewal.
- § 53-244. 102. Continuing education for mortgage loan originators.
- § 53-244. 103. Surety bond requirements.
- § 53-244. 104. Minimum net worth requirements.
- § 53-244. 105. Records, addresses, escrow funds, or trust accounts.
- § 53-244. 106. Display of license.
- § 53-244. 107. Unique identifier shown.
- § 53-244. 108. Reports.
- § 53-244. 109. Mortgage broker duties.
- § 53-244. 110. Mortgage servicer duties.
- § 53-244. 111. Prohibited acts.
- § 53-244. 112. Criminal penalties for unlicensed activity.
- § 53-244. 113. Regulatory authority.
- § 53-244. 114. Licensure and registration authority.
- § 53-244. 115. Investigation and examination authority.
- § 53-244. 116. Disciplinary authority.
- § 53-244. 117: Repealed by Session Laws 2013-412, s. 6, effective August 23, 2013.
- § 53-244. 118. Rule-making authority; records.
- § 53-244. 119. Commissioner's participation in nationwide registry.
- § 53-244. 120. Confidentiality of information.
- § 53-244. 121. Review by Banking Commission.
- § 53-245. Title and scope.
- § 53-246. Definitions.
- § 53-247. Registration requirement.
- § 53-248. Registration procedure; informal hearing.
- § 53-249. Filing and posting of loan fees; disclosures.
- § 53-250. Prohibited activities.
- § 53-251. Cease and desist; revocation of registration; penalties.
- § 53-252. Appeal of Commissioner's decision.
- § 53-253. Rules; enforcement.
- § 53-254. Exemption.
- § 53-255. Title.
- § 53-256. Purpose.
- § 53-257. Definitions.
- § 53-258. Authority and procedures governing reverse mortgage loans.
- § 53-259. Application of rules.
- § 53-260. Interest.
- § 53-261. Taxes, insurance, and assessments.
- § 53-262. Renegotiation of loan; calculation of outstanding balance; prepayment.
- § 53-263. Limits on borrowers' liability.
- § 53-264. Disclosures of loan terms.
- § 53-265. Information required of lender.
- § 53-266. Effects of lender's default.
- § 53-267. Repayment upon borrower's default.
- § 53-268. Time for initiation of foreclosure.
- § 53-269. Counseling provisions.
- § 53-270. Prohibited acts.
- § 53-270. 1. Contracts for shared appreciation or shared value.
- § 53-271. Commissioner's authority to enforce; penalties.
- § 53-272. Appeals.
- § 53-275. Definitions.
- § 53-276. License required.
- § 53-277. Exemptions.
- § 53-278. Application for license; investigation; application fee.
- § 53-279. Liquid assets required; other qualifications; denial of license; hearing.
- § 53-280. Maximum fees for service; fees posted; endorsement of checks cashed.
- § 53-281. Expired.
- § 53-282. Record keeping; receipt requirements.
- § 53-283. Prohibited practices.
- § 53-284. Suspension and revocation of license; grounds; procedure.
- § 53-285. Cease and desist orders.
- § 53-286. Civil penalties and restitution.
- § 53-287. Criminal penalties.
- § 53-288. Commissioner to adopt rules.
- § 53-289. Commission may review rules, orders, or acts by Commissioner.
- § 53-295. Definitions.
- § 53-296. Continuity of contract.
- § 53-297. Effect of currency substitution on performance.
- § 53-298. References to ECU in contracts.
- § 53-299. Application.
- § 53-300. No application to other currency alteration.
- § 53-301. Definitions.
- § 53-302. Title and purposes.
- § 53-303. Companies authorized to engage in trust business.
- § 53-304. Activities not requiring a charter, license, or approval.
- § 53-305. Trust business of State trust institution.
- § 53-306. Trust business of out-of-state trust institution.
- § 53-307. Trust business of foreign trust institution.
- § 53-308. Name of trust institution.
- § 53-309. Trust deposits of authorized trust institutions.
- § 53-310. Offices of State trust companies.
- § 53-311. State trust company principal office.
- § 53-312. Trust offices; representative trust offices.
- § 53-313. Out-of-state trust offices and representative trust offices.
- § 53-314. Trust business through a branch or trust office.
- § 53-315. Establishing an interstate trust office.
- § 53-316. Acquiring an interstate trust office.
- § 53-317. Requirement of notice.
- § 53-318. Action on notice.
- § 53-319. Additional trust offices; representative trust offices.
- § 53-320. Examinations; periodic reports; cooperative agreements; assessment of fees.
- § 53-321. Enforcement.
- § 53-322. Notice of transactions that cause a change in control.
- § 53-323. Foreign trust institution application for trust office or representative trust office.
- § 53-324. Conditions for approval.
- § 53-325. Additional trust offices and representative trust offices.
- § 53-326. Examinations; periodic reports; cooperative agreements; assessment of fees.
- § 53-327. Enforcement.
- § 53-328. Notice of transactions that cause a change in control.
- § 53-329. International agreements.
- § 53-330. Title and purposes.
- § 53-331. Organization and powers of State trust company.
- § 53-332. Articles of incorporation of State trust company.
- § 53-333. Application for State trust company charter and permission to incorporate State trust company.
- § 53-334. Notice and investigation of charter application.
- § 53-335. Decision on charter application and hearing.
- § 53-336. Issuance of charter.
- § 53-337. Required initial capital.
- § 53-338. Subordinated notes or debentures.
- § 53-339. Application of laws relating to general business corporations.
- § 53-340. Investment in State trust company facilities.
- § 53-341. Other real estate.
- § 53-342. Securities and other investments.
- § 53-343. Prohibited distributions, acquisitions, liens, or pledges.
- § 53-344. Subsidiaries.
- § 53-345. Engaging in commerce prohibited.
- § 53-346. Lending and lease financing; conversion to State bank.
- § 53-347. Acquisition of control.
- § 53-348. Application regarding acquisition of control.
- § 53-349. Decision on acquisition of control.
- § 53-350. Appeal.
- § 53-351. Report of changes in chief executive officer or directors.
- § 53-352. Board of directors.
- § 53-353. Required board meetings.
- § 53-354. Officers.
- § 53-355. Certain criminal offenses.
- § 53-356. Responsibility of directors.
- § 53-357. Record keeping.
- § 53-358. Bonding requirements; reports of apparent crime.
- § 53-359. Merger, share exchange, or asset transfer authority.
- § 53-360. Merger, share exchange, or asset transfer application.
- § 53-361. Notice and investigation of merger, share exchange, or asset transfer; decision, hearing, and appeal.
- § 53-362. Appraisal rights of shareholders in mergers, share exchanges, or asset transfers.
- § 53-363. Private trust companies.
- § 53-364. Requirements to apply for and maintain status as a private trust company.
- § 53-365. Conversion to public trust company.
- § 53-366. Applicability of other laws to authorized trust institutions; status of State trust company.
- § 53-367. Commissioner shall have supervision over authorized trust institutions and shall examine.
- § 53-368. Assessment of State trust companies.
- § 53-369. Administrative orders; penalties for violation; increase of equity capital.
- § 53-370. Notice and opportunity for hearing.
- § 53-371. Removal of directors, officers, and employees.
- § 53-372. Required vote of shareholders.
- § 53-373. Corporate procedure.
- § 53-374. Authority to liquidate; publication.
- § 53-375. Examination and reports.
- § 53-376. Unclaimed property.
- § 53-377. When Commissioner may take charge.
- § 53-378. Directors may act.
- § 53-379. Notice of seizure; bar to attachment of liens.
- § 53-380. Notice to trust institutions, corporations, and others holding assets; existing liens.
- § 53-381. Permission to resume business.
- § 53-382. Remedy for seizure; answer to notice; injunction; appeal; and motions.
- § 53-383. Collection of debts and claims; Commissioner succeeds to all property of the State trust company.
- § 53-384. Bond of the Commissioner; surety; condition; minimum penalty.
- § 53-385. Inventory.
- § 53-386. Notice and time for filing claims.
- § 53-387. Power to reject claims; notice; affidavit of service; action on claims.
- § 53-388. List of claims presented, copies, and proviso.
- § 53-389. Declaration of dividends; order of preference in distribution.
- § 53-390. Deposit of funds collected.