North Carolina § 106-604 - License fee; bond required; exemption.

§ 106-604. License fee; bond required; exemption.

All applications shall be accompanied by an initial or renewal license fee of fifty dollars ($50.00) plus thirty dollars ($30.00) per certificate or decal for each separate buying station or truck and a good and sufficient bond in the amount of one hundred thousand dollars ($100,000) to satisfy the initial license application. A fee of five dollars ($5.00) shall be charged for each duplicate license, certificate or decal. "Cash buyers" upon written request to the Commissioner showing proof satisfactory to the Commissioner that the person is a "cash buyer" under this Article shall be exempted from the bonding requirements of this section. The exemption shall be granted within 20 days of the receipt of the exemption request or unless the Commissioner requests the dealer to provide additional necessary information or unless the request is denied. History (1973, c. 665, s. 4; 1989, c. 544, s. 1; 2013-102, s. 1.) Effect of Amendments. - Session Laws 2013-102, s. 1, effective October 1, 2013, in the first sentence, substituted "one hundred thousand dollars ($100,000)" for "ten thousand dollars ($10,000)"; and in the third sentence, substituted "the bonding requirements of this section" for "bonding requirements hereunder".