2005 North Carolina Code - General Statutes § 58-70-60. Statements to be furnished each collection creditor.

§ 58‑70‑60.  Statements to be furnished each collection creditor.

(a)       Acknowledgment of Accounts. – When any account is received for collection, the permit holder shall upon request furnish the collection creditor or forwarder with a written listing or acknowledgment of the accounts received.

(b)       Remittance Statements. – Each permit holder shall remit all moneys due to any collection creditor or forwarder within 30 days after the end of the collection month during which the collection was effected.  The remittance shall be accompanied by a statement setting forth:

(1)       The date of remittance;

(2)       The debtor's name;

(3)       The date or month of collection and amount collected from each debtor; and

(4)       A breakdown showing money collected from each debtor and the amount due the creditor or forwarder. (1979, c. 835.)

Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.