This legal document governs the medium and time of settlement by a bank. It specifies that the medium and time of settlement may be prescribed by federal reserve regulations, circulars, clearing-house rules, or agreements. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve Bank or specified by the person to receive settlement. The time of settlement varies depending on the method of tender, such as cash, credit in a Federal Reserve Bank account, credit or debit to a bank account, or funds transfer.

This legal document, part of the North Carolina General Statutes Uniform Commercial Code, specifically addresses the final payment of items by payor banks, the process by which provisional debits and credits become final, and the availability of credits for withdrawal. It outlines that an item is considered finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or when a provisional settlement is made and not revoked within the permitted time.

This legal document, part of the North Carolina General Statutes Uniform Commercial Code, specifically pertains to the collection of items by payor banks. It outlines the actions a payor bank can take if it settles for a demand item and later wishes to revoke the settlement. The payor bank has the option to return the item or send written notice of dishonor or nonpayment if the item is unavailable for return.

This legal document, part of the North Carolina General Statutes Uniform Commercial Code, specifically addresses the collection of items by payor banks. It states that any knowledge, notice, stop-payment order, or legal process received by a payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or charge its customer’s account if the bank has already accepted or certified the item, paid it in cash, settled for the item without the right to revoke the settlement, become accountable for the amount of the item, or if a cutoff hour has passed.

This legal document, found in the North Carolina General Statutes under the Uniform Commercial Code, specifically addresses the relationship between a payor bank and its customer regarding bank deposits and collections. According to this document, a bank has the authority to charge a customer’s account for an item that is properly payable, even if it results in an overdraft. An item is considered properly payable if it is authorized by the customer and complies with any agreements between the customer and the bank.

This legal document, found in the North Carolina General Statutes under the Uniform Commercial Code, specifically addresses the relationship between a payor bank and its customer. It grants the customer or any authorized person the right to stop payment of any item drawn on the customer’s account or close the account by providing an order to the bank. The stop-payment order is effective for six months, but if the original order was oral and not confirmed in writing within 14 calendar days, it lapses.

A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months after its date, but it may charge its customer’s account for a payment made thereafter in good faith. (C. S., s. 3168; 1929, c. 341, s. 3; 1965, c. 700, s. 1.)

This legal document, part of the North Carolina General Statutes Uniform Commercial Code, specifically addresses the relationship between a payor bank and its customer in the context of bank deposits and collections. The document outlines the duties and responsibilities of the bank and the customer regarding the handling of items and statements of account. It requires the bank to either return the paid items or provide sufficient information in the statement of account for the customer to identify the items.

This legal document outlines the requirements for submitting a license application under the Money Transmitters Act in North Carolina. The application must be filed through the NMLS in a form acceptable to the Commissioner. It should include the applicant’s legal name, contact information, form and place of organization, certificates of good standing and authority, active money service business registration, organizational structure, business plan, policies and procedures, internal business controls, history of civil litigation and criminal convictions, information about controlling persons and key management personnel, sample payment instrument, proposed authorized delegates (if applicable), clearing bank information, audited financial statements, and filings with regulatory authorities.

This legal document outlines the requirements for license application for money transmitters in the state of North Carolina. The application must be filed through the NMLS (Nationwide Multistate Licensing System) in a form acceptable to the Commissioner. The application should include various information such as the applicant’s legal name, contact information, form and place of organization, certificates of good standing and authority, money service business registration, organizational structure, business plan, policies and procedures, internal business controls, litigation and criminal history, information about controlling persons and key management personnel, sample payment instrument, authorized delegate information, clearing bank details, and audited financial statements.