North Carolina § 58-3-147 - Credit card guaranty or collateral prohibited.
Full text of North Carolina North Carolina General Statutes § 58-3-147 — Credit card guaranty or collateral prohibited., with citation guidance and answers to common questions.
§ 58-3-147. Credit card guaranty or collateral prohibited.
No insurer, representative of any insurer, or insurance broker shall enter into any arrangement that involves the sale of insurance or the pledging of existing insurance as guaranty or collateral for the issuance of any credit card. History (1993, c. 226, s. 9; c. 504, s. 40.) Editor's Note. - Session Laws 1993, c. 504, s. 40, effective July 24, 1993, recodified this section as G.S. 58-3-147 .
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-3-147
What does North Carolina General Statutes § 58-3-147 cover?
Section 58-3-147 ("Credit card guaranty or collateral prohibited.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 58-3-147?
A common citation format is "North Carolina General Statutes § 58-3-147" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 58-3-147 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.