NC General Statutes

N.C. Gen. Stat. § 53-178 (2026)

No further charges; no splitting contracts; certain contracts void

✓ current as of July 2026

Find cases: SyfertCases citing this section NCLEGncleg.gov (official) JustiaChapter 53 CornellLII Search CasesGoogle Scholar

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 computing interest or charges, or exceeding the maximum loan amount established in G.S. 53-176(a). (1961, c. 1053, s. 1; 1991 (Reg. Sess., 1992), c. 765, s. 2; 2015-179, s. 2; 2024-57, s. 2E.4(b).)

§ 53-179: Repealed by Session Laws 2015-179, s. 3, effective September 1, 2015.

Notes of Decisions

Cited in 1 case, 1992–1992 · leading case: Herndon v. ITT Consum. Fin. Corp., 789 F. Supp. 720 (W.D.N.C. 1992).

Sort: Relevance Newest Treatment

Herndon v. ITT Consum. Fin. Corp., 789 F. Supp. 720 (W.D.N.C. 1992). · cites it 7× “Stat. 53-172 (1990). This Court finds that the plain language of the Act allows licensees to receive only those charges or insurance commissions specifically authorized by the Act.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.