North Carolina Administrative Code
Title 04 - COMMERCE
Chapter 03 - BANKING COMMISSION
Subchapter J - REFUND ANTICIPATION LOAN
Section .0100 - ADMINISTRATIVE
Section 03J .0101 - DEFINITIONS; FILINGS
Universal Citation: 04 NC Admin Code 03J .0101
Current through Register Vol. 39, No. 6, September 16, 2024
(a) In addition to the definitions in G.S. 53, Article 20, for the purposes of this Subchapter the following definitions apply:
(1) "Controlling
person" means any person as defined in
G.S.
53-246(7) who owns or holds
with the power to vote 10% or more of the equity securities of the registrant,
or who has the power to direct the management and policy of the
registrant.
(2) "Creditor loan fee"
means the charges, fees, or other consideration charged or imposed by the
creditor for the making of a refund anticipation loan.
(3) "Electronic filing fee" means the fee
imposed by the facilitator in consideration for the electronic filing of a tax
return.
(4) "Facilitator loan fee"
means the charges, fees, or other consideration charged or imposed by the
facilitator for the making of a refund anticipation loan.
(5) "Transmitter" means any person who sends
electronic returns directly to the Internal Revenue Service. This term shall
include persons who receive information to be reformatted and transmitted to
the Internal Revenue Service, i.e., third-party transmitters.
(b) An application for registration or any report, notice, or other document that is required by law or rule to be filed with the Commissioner shall be obtained from and filed online through https://www.nccob.gov.
Authority
G.S.
53-245;
53-246;
53-248;
53-253;
Eff. September
1, 1993;
Amended Eff. September 1, 2006;
Readopted Eff.
August 1, 2018.
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