H230 Summary: Revised Uniform Athlete Agents Act

• Repeals Article 9 of Chapter 78C and enacts a new Article 10 establishing the Revised Uniform Athlete Agents Act to regulate athlete agents in North Carolina.

• Requires athlete agents to register with the Secretary of State and prohibits unregistered individuals from acting as athlete agents, with agency contracts signed by unregistered agents being void.

• Mandates registration applicants submit detailed information including criminal history, civil proceedings, business affiliations, prior athlete representations, and professional credentials; registration certificates are valid for one year at a cost of $200.

• Imposes strict requirements on agency contracts including required written form, warning notices about loss of athletic eligibility, 14-day cancellation rights, and mandatory notification to educational institutions within 72 hours of contract execution.

• Establishes civil penalties up to $250,000 and criminal penalties (Class H felony for prohibited inducements, Class 1 misdemeanor for other violations) for violations; allows educational institutions and covered athletes to sue for damages including attorney's fees under unfair trade practice laws.