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NC H756

Bill

Official Source

Status

Introduced

4/15/2019

Primary Sponsor

Joe John

Click for details

Origin

House of Representatives

2019-2020 Session

AI Summary

  • Removes the exemption for first sales of dwellings never inhabited from disclosure requirements under G.S. 47E-4 of the Residential Property Disclosure Act
  • Maintains exemptions for lease with option to purchase contracts where the lessee occupies or intends to occupy the dwelling
  • Maintains exemptions for transfers between parties who mutually agree not to complete a residential property disclosure statement or owners' association disclosure statement
  • Applies to all contracts executed on or after the date the act becomes law
  • Referred to the House Rules, Calendar, and Operations Committee

Legislative Description

Res. Prop. Disclosure Act- Exemption Changes

Last Action

Ref To Com On Rules, Calendar, and Operations of the House

4/16/2019

Committee Referrals

Rules, Calendar, and Operations of the House4/16/2019

Full Bill Text

No bill text available