The Office of the Commissioner of Banks licenses and regulates the business activities of loan companies that make consumer loans of $10,000 or less under the North Carolina Consumer Finance Act (North Carolina General Statutes, Chapter 53, Article 15). A licensee may charge interest that exceeds the rate that Chapter 24 of the North Carolina General Statutes allows, but it may not make a loan secured by real property.
Current listing of NC Consumer Finance Licensees NC Administrative Code, Title 4, Chapter 3, Subchapter 3ENC Consumer Finance Act (NCGS Chapter 53, Article 15)Consumer Finance Administrative Interpretations
Consumer Finance Forms