North Carolina Consumer Finance Act Collection Check

Live. Collecting a North Carolina loan of $25,000 or less? G.S. 53-166, 53-176: unlicensed lender or servicer = void; 33/24/18% tiers, fee caps, payday.

Collecting a North Carolina installment, online or payday loan of $25,000 or less? Checks each loan and contact against the Consumer Finance Act: an unlicensed lender or (since Oct. 2023) servicer above the Chapter 24 rate makes the loan void with no principal or charges collectable (G.S. 53-166(a), (d)); licensee rate tiers (33/24/18%), processing-fee cap, 12-96 month terms and no prepayment penalty (53-176); payday loans; collecting a void debt and criminal threats (75-51). Returns violation, review or ok per loan with citations. Nothing stored; not legal advice.

Price: $0.001 per call after 1,000 free per month.

DebtLayer · Tools · Free tools · Docs · support@debtlayer.io