GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION LAW 2011-320
SENATE BILL 63
AN ACT to clarify that regular employees of duly licensed debt collection agencies are not required to obtain a COLLECTION agency permit.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 58-70-1 reads as rewritten:
"§ 58-70-1. Permit from Commissioner of Insurance; penalty for violation; exception.
No person, firm, corporation, or
association shall conduct or operate a collection agency or do a collection
agency business, as the same is hereinafter defined in this Article, until he
or it shall have secured a permit therefor as provided in this Article. Any
person, firm, corporation or association conducting or operating a collection
agency or doing a collection agency business without the permit shall be guilty
of a Class I felony. Any officer or agent of any person, firm, corporation or
association, who shall personally and knowingly participate in any violation of
the remaining provisions of this Part shall be guilty of a Class 1 misdemeanor.
Provided, however, that nothing in this section shall be construed to require a
regular employee of a duly licensed collection agency
in this State licensed
pursuant to this Article to procure a collection agency permit."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 18th day of June, 2011.
s/ Philip E. Berger
President Pro Tempore of the Senate
s/ Thom Tillis
Speaker of the House of Representatives
s/ Beverly E. Perdue
Approved 11:07 a.m. this 27th day of June, 2011