North Carolina Payday Loan Laws and Regulations

It must be known to readers that currently, there are no legally practicing providers of payday loans within the state of North Carolina. However, this means borrowers must look for lenders who have been licensed from other states. As a result, most of the fees, charges and rates that are levied are subject to the rules of the state from which the license was obtained. This is the reason why it is important for borrowers to carefully research through the lender in order to determine whether they are practicing within the boundaries of the law. A rate cap is currently implemented for small loans in North Carolina, set at 36% per year.

North Carolina Consumer Protection

Being aware of all the laws and regulations that govern your payday loan is important to remain protected from any unfair activities. Carefully read up on the laws, the maximum finance rates and fees, and all other information such as rollovers, repayment policies and cooling off periods before you take a payday loan. The North Carolina Attorney General regulates all short term loans within North Carolina.

NC Attorney General's Office
9001 Mail Service Center
Raleigh, NC 27699-9001
Phone: (919) 716-6400 

All complaints, queries or problems should be directed to their office via their official website, or you can also send them an email. Don't be hesitant to ask questions, as that will help you in making a better choice.

Interesting Facts About North Carolina
  1. This state was named after King Charles the first of England. Carolina is the Latin name meaning Charles. So when King Charles the second he declared that the area would be named to honor his father.
  2. The Hunger Games was filmed in the woods in this state.
  3. There have been several well-known people born in this state. Including Sugar Ray Leonard, Michael Jordan, and Roberta Flack.
  4. Pepsi Cola was developed here in 1891. When the drink was first invented it was to be named Brad’s Drink, but the name was soon changed, and to date this is the number one export from this state.
  5. This is the state that gave the nation the Krispy Kreme donuts that are so popular in the southern states.
  6. This state produces amazing emeralds. The largest emerald crystal ever found in the United States was found here and was a massive 1869 karats.
  7. The state vegetable is the sweet potato. This state is the largest supplier of sweet potatoes to the nation.
  8. The first flight that the Wright Brothers took was here.
  9. There are only two states who suffer more hurricanes the state is 500 miles long and it is 150 miles wide.
  10. The art of barbecue originated in the rural areas of this state. In the northwestern portion of the state a tomato based sauce is most popular on the meats but in the eastern portion of the states a vinegar based sauce is more popular.
  11. This state first joined the Union in November of 1789.
  12. The furniture capitol of the world is High Point.
  13. The highest waterfall system in the eastern United States is Whitewater Falls in Transylvania.
  14. The largest air base on the marines is stationed here ‘some of the most beautiful beaches in the country can be found on the outer banks of NC.
  15. The abbreviation for the state is NC.
  16. The Venus fly-trap originated in Hampstead.
  17. Babe Ruth hit his first home run ball in Fayetteville in 1914.
  18. The first miniature golf course in the nation was erected in Fayetteville.
  19. The first English child to be born in America was born in Roanoke. Her parents named her Virginia Dare.
  20. The tallest dam in the eastern United States is Fontana Dam at 480 feet.
  21. The seventh president of the United States, Andrew Jackson was born here.
  22. This state leads the nation in the production of tobacco, bricks, and textile productions.
  23. The crest of the steepest mainline railroad in the United States is at Saluda.
  24. The first African American member of congress came from North Carolina.
  25. The state motto is to be rather than to seem.
  26. This was the first state to establish a state museum of art.
  27. This was one of the first states to establish a state symphony. The symphony was founded in 1943 and currently it performs 185 fill orchestra concerts each year.
  28. The nation’s safest beach is said to be White Lake at Elizabethtown. It has extremely clear waters and a white sandy bottom. There are no currents, no tides, no hazardous depressions, and no real dangers to anyone swimming in the waters. They are the most recommended waters to take children to play in.
  29. This state has 1,500 lakes that are at least ten acres in size and contains 37,000 miles of streams.
  30. Milk is the official state beverage.
  31. This state has the largest state maintained highway system with 77,400 miles of roads’.
  32. The Indians called this place the place of the sweet bay tree.
  33. Bath is the oldest town in the state. It was incorporated in 1705.
  34. “Bern” in the German language means bear. This is why the bear is the symbol of New Bern. This settlement was named in reference to a city in Switzerland that hunters had named. That is why the bear is the symbol.
  35. Andrew Johnson had his humble beginnings here are a tailors apprentice, but he rose up to lead the nation as the seventeenth president of the United States.

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