N.C. Gen. Stat. § 116B-78.1
Property finder regulation and enforcement
Redline — December 1, 2021 → current.View current text →
Current — April 1, 2022
As of December 1, 2021
(1) A property finder shall be licensed as a private investigator by the North Carolina Private Protective Services Board pursuant to Chapter 74C of the General Statutes.
(1) A property finder shall be licensed as a private investigator by the North Carolina Private Protective Services Board pursuant to Chapter 74C of the General Statutes.
(2) A property finder shall not initiate a claim with the Treasurer at any time prior to being registered as a property finder under G.S. 116B-78(f) or prior to licensure as a private investigator. Failure to comply with this subsection may result in the denial of the property finder's registration for a period of up to one year.
(2) A property finder shall not initiate a claim with the Treasurer at any time prior to being registered as a property finder under G.S. 116B-78(f) or prior to licensure as a private investigator. Failure to comply with this subsection may result in the denial of the property finder’s registration for a period of up to one year.
(3) A property finder shall not initiate a claim with the Treasurer at any time prior to obtaining a valid agreement with an owner or apparent owner. Failure to comply with this section may result in the suspension of the property finder's registration for a period of up to one year.
(3) A property finder shall not initiate a claim with the Treasurer at any time prior to obtaining a valid agreement with an owner or apparent owner. Failure to comply with this section may result in the suspension of the property finder’s registration for a period of up to one year.
(4) If a property finder enters into an agreement to locate property that does not comply with G.S. 116B-78, then the Treasurer may suspend the property finder's registration for a period of up to one year.
(4) If a property finder enters into an agreement to locate property that does not comply with G.S. 116B-78, then the Treasurer may suspend the property finder’s registration for a period of up to one year.
(5) A property finder with a suspended registration is prohibited from conducting business with the Unclaimed Property Division. Any pending or potential claims shall be denied during any period of suspension.
(5) A property finder with a suspended registration is prohibited from conducting business with the Unclaimed Property Division. Any pending or potential claims shall be denied during any period of suspension.
History
(2021-157, s. 2(f).)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.