NC S415

Modifies G.S. 58-70-15 to clarify that banks, trust companies, and bank-owned or bank-controlled firms are excluded from the definition of "collection agency" only when engaged in accounting, bookkeeping, or data processing services.

Separates the exclusion for corporations or associations engaged in accounting, bookkeeping, or data processing services into a new subsection (2a), removing them from the bank-specific exclusion.

Maintains 13 existing exclusions from the collection agency definition, including regular employees of creditors, mortgage banking companies, attorneys-at-law, and nonprofit dispute resolution organizations.

Effective upon becoming law (approved July 20, 2017).