State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-70-1

Article70.

Collection Agencies.

Part 1.  Permit Procedures.

§ 58‑70‑1.  Permitfrom Commissioner of Insurance; penalty for violation; exception.

No person, firm, corporation,or association shall conduct or operate a collection agency or do a collectionagency business, as the same is hereinafter defined in this Article, until heor it shall have secured a permit therefor as provided in this Article.  Anyperson, firm, corporation or association conducting or operating a collectionagency or doing a collection agency business without the permit shall be guiltyof a Class I felony.  Any officer or agent of any person, firm, corporation orassociation, who shall personally and knowingly participate in any violation ofthe remaining provisions of this Part shall be guilty of a Class 1misdemeanor.  Provided, however, that nothing in this section shall beconstrued to require a regular employee of a duly licensed collection agency inthis State to procure a collection agency permit. (1931, c. 217, s. 1; 1943, c.170; 1959, c. 1194, s. 1; 1969, c. 906, s. 1; 1979, c. 835; 1989, c. 441, s. 1;1993, c. 539, ss. 472, 1275; 1994, Ex. Sess., c. 24, s. 14(c).)

State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-70-1

Article70.

Collection Agencies.

Part 1.  Permit Procedures.

§ 58‑70‑1.  Permitfrom Commissioner of Insurance; penalty for violation; exception.

No person, firm, corporation,or association shall conduct or operate a collection agency or do a collectionagency business, as the same is hereinafter defined in this Article, until heor it shall have secured a permit therefor as provided in this Article.  Anyperson, firm, corporation or association conducting or operating a collectionagency or doing a collection agency business without the permit shall be guiltyof a Class I felony.  Any officer or agent of any person, firm, corporation orassociation, who shall personally and knowingly participate in any violation ofthe remaining provisions of this Part shall be guilty of a Class 1misdemeanor.  Provided, however, that nothing in this section shall beconstrued to require a regular employee of a duly licensed collection agency inthis State to procure a collection agency permit. (1931, c. 217, s. 1; 1943, c.170; 1959, c. 1194, s. 1; 1969, c. 906, s. 1; 1979, c. 835; 1989, c. 441, s. 1;1993, c. 539, ss. 472, 1275; 1994, Ex. Sess., c. 24, s. 14(c).)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-70-1

Article70.

Collection Agencies.

Part 1.  Permit Procedures.

§ 58‑70‑1.  Permitfrom Commissioner of Insurance; penalty for violation; exception.

No person, firm, corporation,or association shall conduct or operate a collection agency or do a collectionagency business, as the same is hereinafter defined in this Article, until heor it shall have secured a permit therefor as provided in this Article.  Anyperson, firm, corporation or association conducting or operating a collectionagency or doing a collection agency business without the permit shall be guiltyof a Class I felony.  Any officer or agent of any person, firm, corporation orassociation, who shall personally and knowingly participate in any violation ofthe remaining provisions of this Part shall be guilty of a Class 1misdemeanor.  Provided, however, that nothing in this section shall beconstrued to require a regular employee of a duly licensed collection agency inthis State to procure a collection agency permit. (1931, c. 217, s. 1; 1943, c.170; 1959, c. 1194, s. 1; 1969, c. 906, s. 1; 1979, c. 835; 1989, c. 441, s. 1;1993, c. 539, ss. 472, 1275; 1994, Ex. Sess., c. 24, s. 14(c).)