NC General Statutes

N.C. Gen. Stat. § 53-191 (2026)

Businesses exempted

✓ current as of July 2026

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Nothing in this Article shall be construed to apply to any person, firm or corporation doing business under the authority of any law of this State or of the United States relating to banks, trust companies, savings and loan associations, cooperative credit unions, agricultural credit corporations or associations organized under the laws of North Carolina, production credit associations organized under the act of Congress known as the Farm Credit Act of 1933, pawnbrokers lending or advancing money on specific articles of personal property, industrial banks, the business of negotiating loans on real estate, nor to installment paper dealers as defined in G.S. 105-83 other than persons, firms and corporations engaged in the business of accepting fees for endorsing 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; 2023-134, s. 42.7(b).)

Article 16.

Money Transmitters Act.

§§ 53-192 through 53-208: Repealed by Session Laws 2001-443, s. 1, effective November 1, 2001, and applicable to contracts entered into on or after that date.

Article 16A.

Money Transmitters Act.

§§ 53-208.1 through 53-208.30: Repealed by Session Laws 2016-81, s. 2, as amended by Session Laws 2017-102, s. 46, effective October 1, 2016.

§ 53-208.31: Reserved for future codification purposes.

§ 53-208.32: Reserved for future codification purposes.

§ 53-208.33: Reserved for future codification purposes.

§ 53-208.34: Reserved for future codification purposes.

§ 53-208.35: Reserved for future codification purposes.

§ 53-208.36: Reserved for future codification purposes.

§ 53-208.37: Reserved for future codification purposes.

§ 53-208.38: Reserved for future codification purposes.

§ 53-208.39: Reserved for future codification purposes.

§ 53-208.40: Reserved for future codification purposes.

Article 16B.

Money Transmitters Act.

Notes of Decisions

Cited in 2 cases, 1982–2014 · leading case: Dillon v. BMO Harris Bank, N.A., 16 F. Supp. 3d 605 (M.D.N.C. 2014).

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Dillon v. BMO Harris Bank, N.A., 16 F. Supp. 3d 605 (M.D.N.C. 2014). · cites it 4× “N.C. Gen.Stat. § 53-191. . Doc. 1 at ¶ 13.”

BarclaysAmerican/Credit Co. v. Riddle, 292 S.E.2d 177 (N.C. Ct. App. 1982). · cites it 4× “” N.C. Gen. Stat. § 53-191 (1965). Although plaintiff contends that this exemption did not apply to the general lender operating under section 173, a review of the Annüal Reports of the Commission of Banks indicates otherwise.”

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