Amends GS 25-3-506, increasing the maximum processing fee for returned checks accepted in payment for goods or services from $25 to $35. Makes language gender-neutral and makes further technical and clarifying changes. Applies to checks dated on or after October 1, 2019.
Amends GS 53-176, increasing the maximum loan processing fee a licensee under the North Carolina Consumer Finance Act can assess, from $25 for loans up to $2,500 and 1% of the cash advance for loans above $2,500, not exceeding a total fee of $40, to $50 for loans up to $5,000 and 1% of the cash advance for loans above $5,000, with no maximum total fee amount specified. Applies to contracts entered into, renewed, or modified on or after October 1, 2019.
FEES/RETURNED CHECKS/LOAN PROCESSING.
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| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO INCREASE THE MAXIMUM PROCESSING FEE FOR RETURNED CHECKS AND THE MAXIMUM LOAN PROCESSING FEE FOR LICENSEES UNDER THE CONSUMER FINANCE ACT.Intro. by Szoka, Jones, Goodman, Wray.
Status: Re-ref Com On Rules, Calendar, and Operations of the House (House action) (Apr 29 2019)
Bill History:
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Mon, 11 Mar 2019 House: Filed
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Tue, 12 Mar 2019 House: Passed 1st Reading
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Tue, 16 Apr 2019 House: Reptd Fav
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Tue, 16 Apr 2019 House: Re-ref Com On Rules, Calendar, and Operations of the House
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Thu, 18 Apr 2019 House: Reptd Fav
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Thu, 18 Apr 2019 House: Cal Pursuant Rule 36(b)
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Thu, 18 Apr 2019 House: Placed On Cal For 04/25/2019
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Thu, 25 Apr 2019 House: Withdrawn From Cal
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Thu, 25 Apr 2019 House: Cal Pursuant Rule 36(b)
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Mon, 29 Apr 2019 House: Withdrawn From Cal
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Mon, 29 Apr 2019 House: Re-ref Com On Rules, Calendar, and Operations of the House
H 327
Bill Summaries:
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Bill H 327 (2019-2020)Summary date: Mar 11 2019 - View Summary
View: All Summaries for Bill
Identical to S 529, filed 4/2/19.