NC S199

Prohibits business entities that already own 100 or more single-family rental homes in qualifying counties from purchasing additional single-family homes for non-residential use

Applies only to "qualifying counties" with populations greater than 150,000 based on the most recent decennial census

Allows enforcement by the Attorney General, aggrieved individuals, or county boards of commissioners through civil actions in superior court

Establishes civil penalties of up to $100 per day for each home acquired in violation, plus potential exemplary damages of $50,000 or three times total damages, whichever is greater

Takes effect upon becoming law and applies to real estate purchases made on or after that date