NC Office of the Commissioner of Bank reply re: internet PDL
Date: Thu, 05/08/2008 - 08:16
Below is the response I recd regarding legallity of pdl in NC
Ms.*** Roberts:
There is no law that authorizes payday lending in North Carolina;
internet based payday lenders are not granted licenses for such activity
in North Carolina. Interest charges on such loans could be illegal here
in North Carolina.
Reitzel Deaton
Director, Consumer Industries
North Carolina Office of the Commissioner of Banks
919-733-3016
Ms.*** Roberts:
There is no law that authorizes payday lending in North Carolina;
internet based payday lenders are not granted licenses for such activity
in North Carolina. Interest charges on such loans could be illegal here
in North Carolina.
Reitzel Deaton
Director, Consumer Industries
North Carolina Office of the Commissioner of Banks
919-733-3016
Thanks for the information. I live in the state of NC and deal
Thanks for the information. I live in the state of NC and dealing with some payday lenders.
I posted this while at work and I didn't have my login in info..
I posted this while at work and I didn't have my login in info...this is legit. I thought it was important to share. sky...
I understand :wink: . Sometimes I have to sneak and read while
I understand :wink: . Sometimes I have to sneak and read while I am working.
sky, thanks for posting that! That will give other residents of
sky, thanks for posting that! That will give other residents of NC the reassurance they need when they don't know who to believe! Thank you! :D
