§ 54-109.15.  Reports.

(a) The Administrator shall cause credit unions organized under Articles 14A to 15A of this Chapter to make a report of condition to the Administrator in a manner and on a schedule as adopted by the Administrator. The Administrator may also require that additional reports be filed.

(b) The Administrator may cause any credit union that neglects to make reports as provided in subsection (a) of this section, or any of the other reports required by the Administrator at the time fixed by the Administrator, to pay a late penalty to the Administrator of not less than seventy-five dollars ($75.00), nor more than seven hundred fifty dollars ($750.00) for each day the neglect continues. The clear proceeds of penalties collected pursuant to this subsection shall be remitted to the Civil Penalty and Forfeiture Fund in accordance with G.S. 115C-457.2. The Administrator shall publish the late penalty amount annually by rule.  (1915, c. 115, s. 7; C.S., ss. 5238, 5240; 1925, c. 73, ss. 3, 7, 8; 1935, c. 87; 1941, c. 235; 1955, c. 1135, ss. 3, 4; 1957, c. 989, ss. 7, 8; 1965, c. 956, ss. 1, 23, 24; 1969, c. 69, s. 6; 1971, c. 864, s. 17; 1973, c. 199, s. 12; 1975, c. 538, s. 1; 1991, c. 651, s. 2; 2005-276, s. 6.37(u); 2026-31, s. 11(b).)