17 NCAC 04B .2903          installment paper dealer quarterly return

(a)  "Installment paper dealer" means a person required to file a return pursuant to G.S. 105-83.

(b)  Installment paper dealers shall file their quarterly return using Form B-203.

(c)  Form B-203 requires the following:

(1)           the reporting period for the return;

(2)           information required by 17 NCAC 01C .0322(b);

(3)           the installment paper dealer's legal name and mailing address;

(4)           the trade name or doing-business-as name, if applicable;

(5)           if the installment paper dealer elects to designate a contact person, the identity of a contact person, including his or her legal name, phone number, and fax number;

(6)           a designation of whether the form is an amended form;

(7)           the total face value of installment paper acquired during the reporting period;

(8)           the tax due on the face value of installment paper acquired during the reporting period;

(9)           the penalty and interest due, if any, in accordance with G.S. 105-236 and G.S. 105-241.21;

(10)         the total payment due;

(11)         for the person authorized to legally bind the installment paper dealer, his or her:

(A)          signature;

(B)          job title;

(C)          date of signature; and

(D)          affirmation that the return is accurate and complete;

(12)         the location where the installment paper is held; and

(13)         the face value of installment paper acquired delineated by location.

(d)  The installment dealer shall file a return even if the installment paper dealer did not acquire obligations described in G.S. 105-83(a) during the reporting period.

History Note:        Authority G.S. 105‑83; 105‑262;

Eff. February 1, 1976;

Amended Eff. July 1, 2000; October 30, 1981; June 11, 1977;

Readopted Eff. January 1, 2021.