NC H327

Increases the maximum processing fee for returned checks from $25.00 to $35.00 under G.S. 25-3-506, effective October 1, 2019 for checks dated on or after that date.

Raises the maximum loan processing fee for consumer finance licensees from $25.00 to $50.00 for loans up to $5,000 (previously $2,500) under G.S. 53-176(b).

Maintains the one percent (1%) of cash advance fee for loans above $5,000 without a total fee cap, effective October 1, 2019 for contracts entered into, renewed, or modified on or after that date.

Preserves the restriction that loan processing fees may not be assessed more than twice in any 12-month period.

Requires collection agencies to separately state processing fees on collection notices and prohibits collection of any amounts beyond the returned check amount and specified processing fee.