04 NCAC 03E .0102          APPROVAL

(a)  Upon approval by the Commissioner of Banks of an application for a consumer finance license, he will notify the applicant in writing.

(b)  If no written objection is submitted to the Commissioner within 20 days following the date of his approval, he shall issue a license, Form NCCF 4.

(c)  In the event a written objection is submitted to the Commissioner within 20 days following the date of his approval, the application and approval shall be referred to the Banking Commission in compliance with Section .0200 of this Subchapter.

 

History Note:        Authority G.S. 53‑92; 53‑95; 53‑104; 53‑168; 58‑169; 53‑185; 53‑188;

Eff. February 1, 1976;

Amended Eff. June 1, 1995; August 1, 1978.