1. (a) "Installment paper dealer" means a person required to file a return pursuant to G.S. 105-83.
2. (b) Installment paper dealers shall file their quarterly return using Form B-203.

3. (c) Form B-203 requires the following:

   1. (1) the reporting period for the return;
   2. (2) information required by 17 NCAC 01C .0322(b);
   3. (3) the installment paper dealer's legal name and mailing address;
   4. (4) the trade name or doing-business-as name, if applicable;
   5. (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. (6) a designation of whether the form is an amended form;
   7. (7) the total face value of installment paper acquired during the reporting period;
   8. (8) the tax due on the face value of installment paper acquired during the reporting period;
   9. (9) the penalty and interest due, if any, in accordance with G.S. 105-236 and G.S. 105-241.21;
   10. (10) the total payment due;

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

       1. (A) signature;
       2. (B) job title;
       3. (C) date of signature; and
       4. (D) affirmation that the return is accurate and complete;
   12. (12) the location where the installment paper is held; and
   13. (13) the face value of installment paper acquired delineated by location.
4. (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.

History Note: 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.