17 N.C. Admin. Code 4B.2903

Current through Register Vol. 39, No. 11, December 2, 2024

Section 04B .2903 - INSTALLMENT PAPER DEALER QUARTERLY RETURN

(a) "Installment paper dealer" means a person required to file a return pursuant to G.S. 105-83.

(b) Installment paper dealers shall file their quarterly return using Form B-203.

(c) Form B-203 requires the following:

(1) the reporting period for the return;

(2) information required by 17 NCAC 01C .0322(b);

(3) the installment paper dealer's legal name and mailing address;

(4) the trade name or doing-business-as name, if applicable;

(5) if the installment paper dealer elects to designate a contact person, the identity of a contact person, including his or her legal name, phone number, and fax number;

(6) a designation of whether the form is an amended form;

(7) the total face value of installment paper acquired during the reporting period;

(8) the tax due on the face value of installment paper acquired during the reporting period;

(9) the penalty and interest due, if any, in accordance with G.S. 105-236 and G.S. 105-241.21;

(10) the total payment due;

(11) for the person authorized to legally bind the installment paper dealer, his or her:

(A) signature;

(B) job title;

(C) date of signature; and

(D) affirmation that the return is accurate and complete;

(12) the location where the installment paper is held; and

(13) the face value of installment paper acquired delineated by location.

(d) The installment dealer shall file a return even if the installment paper dealer did not acquire obligations described in G.S. 105-83(a) during the reporting period.

17 N.C. Admin. Code 04B .2903

Authority G.S. 105-83; 105-262;
Eff. February 1, 1976;
Amended Eff. July 1, 2000; October 30, 1981; June 11, 1977;
Readopted Eff. January 1, 2021.

Authority G.S. 105-83; 105-262;
Eff. February 1, 1976;
Amended Eff. June 11, 1977; October 30, 1981; July 1, 2000;

Readopted by North Carolina Register Volume 35, Issue 15, February 1, 2021 effective 1/1/2021.