NC H114

Prohibits business entities and their affiliates from purchasing single-family homes for rental purposes in counties with populations over 150,000 if they already own 100 or more such rental homes in qualifying counties.

Defines single-family homes as fully detached, semi-detached, or row/town homes that do not share walls, utilities, heating, or air-conditioning systems with adjacent units.

Authorizes the North Carolina Attorney General to enforce the law through civil investigations and actions, with courts able to impose civil penalties up to $100 per day per home purchased in violation.

Allows aggrieved persons and county boards of commissioners to sue violators in superior court for equitable relief, damages, attorney fees, and exemplary damages of $50,000 or three times total damages (whichever is greater).

Becomes effective upon enactment and applies to real estate purchases made on or after the effective date.