Partnertax.ai
Start free trial →

North Carolina Administrative Code Title 17 — Revenue

17 NCAC 04B .3301

Real Estate Loans: Loaning Own Funds

Official textreports.oah.state.nc.us

A person who, as agent, engages in the business of negotiating real estate loans using funds belonging to his loan correspondents is subject to real estate license tax under G.S. 105-41. A person making real estate loans in his own name with his own funds and selling those loans to insurance companies and other loan investment companies is subject to loan agency license under G.S. 105-88 unless meeting the exemption under subsection (b) of that section. A person engaging in both activities is subject to both licenses.

Last amended: Authority G.S. 105-88; 105-41; 105-262; Eff. February 1, 1976; Amended Eff. January 1, 1994; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 22, 2018.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 17-04b-2802 · Flashlight Batteries
  2. 17-04b-2803 · Musical Tapes
  3. 17-04b-2804 · Shortwave Radios
  4. 17-04b-2901 · Lien In This State
  5. 17-04b-2902 · Liability For Direct Loans
  6. 17-04b-2903 · Installment Paper Dealer Quarterly Return
  7. 17-04b-2904 · Total Face Value
  8. 17-04b-2905 · Nonresident Engaged In Business
  9. 17-04b-3001 · Educational Institutions
  10. 17-04b-3002 · Rugs Only
  11. 17-04b-3003 · Shirts Or Uniforms
  12. 17-04b-3004 · Industrial Rags And Wipers
  13. 17-04b-3005 · Home-Size Machines
  14. 17-04b-3006 · Diaper Services
  15. 17-04b-3007 · Apartment Owner Exemption
  16. 17-04b-3101 · Advertising By Candidate For Public Office
  17. 17-04b-3102 · Supplemental Application
  18. 17-04b-3201 · Products Of Ice Cream
  19. 17-04b-3202 · Products Of Others
  20. 17-04b-3203 · No Product Involved
  21. 17-04b-3301 · Real Estate Loans: Loaning Own Funds
  22. 17-04b-3302 · Real Estate Loans: Personal Property Collateral
  23. 17-04b-3401 · Applicability Of License To Another
  24. 17-04b-3402 · Parking Facilities
  25. 17-04b-3403 · Auto Dealer License Covers Other Activity
  26. 17-04b-3404 · Recapping Tires Only
  27. 17-04b-3405 · City-Wide License
  28. 17-04b-3406 · No Transfer Fee For City-Wide License
  29. 17-04b-3407 · Finance Companies
  30. 17-04b-3408 · Self-Service Car Wash
  31. 17-04b-3409 · Grocery Store Sales Of Automotive Products
  32. 17-04b-3410 · Automobile Auction
  33. 17-04b-3411 · Car Brokers
  34. 17-04b-3412 · Mobile Service And Repair
  35. 17-04b-3413 · Applying Full Year And Half-Year License
  36. 17-04b-3414 · Garage Selling To Another Garage
  37. 17-04b-3501 · Motors Installed To Frames: Mo-Peds
  38. 17-04b-3502 · Chain Store License
  39. 17-04b-3601 · Liability For Two Licenses
  40. 17-04b-3602 · Agencies Providing Temporary Workers
Full table of contents →