North Carolina Statutes
§ 53-178 — No further charges; no splitting contracts; certain contracts void
North Carolina § 53-178
JurisdictionNorth Carolina
Ch. 53Regulation of Financial Services
Art. 15North Carolina Consumer Finance Act
This text of North Carolina § 53-178 (No further charges; no splitting contracts; certain contracts void) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 53-178 (2026).
Text
No further or other charges or insurance commissions shall be directly or indirectly contracted for or received by any licensee, affiliate, parent, subsidiary, or licensee under the same ownership, management, or control, whether partial or complete, except those specifically authorized by this Article, by the Commissioner under G.S. 53-172 or any other statute. No licensee shall divide into separate parts any contract made for the purpose of or with the effect of obtaining interest or charges in excess of those authorized by this Article. All balances due to a licensee from any person as a borrower or as an endorser, guarantor or surety for any borrower or otherwise jointly or severally, shall be considered a part of any loan being made by a licensee to such person for the purpose of comp
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Nearby Sections
15
§ 53-136
Industrial bank defined§ 53-137
Manner of organization§ 53-138
Corporate title§ 53-139
Capital stock§ 53-141
Powers§ 53-142
Restriction on powers§ 53-144
Supervision and examination§ 53-158.10
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 53-178, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/53-178.