State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-191

§53‑191.  Businesses exempted.

Nothing in this Article shallbe construed to apply to any person, firm or corporation doing business underthe authority of any law of this State or of the United States relating tobanks, trust companies, savings and loan associations, cooperative creditunions, agricultural credit corporations or associations organized under thelaws of North Carolina, production credit associations organized under the actof Congress known as the Farm Credit Act of 1933, pawnbrokers lending oradvancing money on specific articles of personal property, industrial banks,the business of negotiating loans on real estate as defined in G.S. 105‑41,nor to installment paper dealers as defined in G.S. 105‑83 other thanpersons, firms and corporations engaged in the  business of accepting fees forendorsing or otherwise securing loans or contracts for repayment of loans. (1955,c. 1279; 1957, c. 1429, s. 8; 1961, c. 1053, s. 1; 1969, c. 1303, s. 26.)