§ 53-178. No further charges; no splitting contracts; certain contracts void.
§53‑178. No further charges; no splitting contracts; certain contractsvoid.
No further or other charges orinsurance commissions shall be directly or indirectly contracted for orreceived by any licensee except those specifically authorized by this Articleor by the Commissioner under G.S. 53‑172. No licensee shall divide intoseparate parts any contract made for the purpose of or with the effect ofobtaining charges in excess of those authorized by this Article. All balancesdue to a licensee from any person as a borrower or as an endorser, guarantor orsurety for any borrower or otherwise, or due from any husband or wife, jointlyor severally, shall be considered a part of any loan being made by a licenseeto such person for the purpose of computing interest or charges. (1961,c. 1053, s. 1; 1991 (Reg. Sess., 1992), c. 765, s. 2.)