04 NCAC 03J .0304           DISCLOSURES

(a)  For the purposes of G.S. 53-249(d)(1), (2), the registrant shall disclose to the debtor the following fees:

(1)           The creditor fee;

(2)           The facilitator loan fee;

(3)           All loan-related fees;

(4)           The electronic filing fee;

(5)           The total dollar amount of the fees disclosed pursuant to Subparagraphs (a)(1)-(3) of this Rule.

(b)  For the purposes of G.S. 53-249(d)(5), the term "appropriate taxing authority" shall mean the Internal Revenue Service.

(c)  All disclosures made pursuant to G.S. 53-249(d) shall be made on a form or forms detached from the application.  The registrant shall provide an applicant for a refund anticipation loan with a copy of all such disclosure forms.  In the case of an application for a refund anticipation loan by a married couple who are filing a joint tax return, the registrant may satisfy this provision by providing one copy of all such disclosure forms to the couple.

 

History Note:        Authority G.S. 53-249(d); 53-253; 150B-21.2;

Eff. September 1, 1993.