N.C. Gen. Stat. § 87-15.5
Definitions
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
The following definitions apply in this Article:
The following definitions apply in this Article:
(1) Applicant. - The owner or former owner of a single-family residential dwelling unit who has suffered a reimbursable loss and has filed an application for reimbursement from the Fund.
(1) Applicant. — The owner or former owner of a single-family residential dwelling unit who has suffered a reimbursable loss and has filed an application for reimbursement from the Fund.
(2) Board. - The State Licensing Board for General Contractors.
(2) Board. — The State Licensing Board for General Contractors.
(3) Dishonest conduct. - Fraud or deceit in either of the following: Obtaining a license under Article 1 of Chapter 87 of the General Statutes.
(3) Dishonest conduct. — Fraud or deceit in either of the following: Obtaining a license under Article 1 of Chapter 87 of the General Statutes.
(4) The practice of general contracting by a general contractor.
(4) The practice of general contracting by a general contractor.
(5) Fund. - The Homeowners Recovery Fund.
(5) Fund. — The Homeowners Recovery Fund.
(6) General contractor. - A person or other entity who meets any of the following descriptions: Is licensed under Article 1 of Chapter 87 of the General Statutes.
(6) General contractor. — A person or other entity who meets any of the following descriptions: Is licensed under Article 1 of Chapter 87 of the General Statutes.
(7) Fraudulently procures any building permit by presenting the license certificate of a general contractor.
(7) Fraudulently procures any building permit by presenting the license certificate of a general contractor.
(8) Fraudulently procures any building permit by falsely impersonating a licensed general contractor.
(8) Fraudulently procures any building permit by falsely impersonating a licensed general contractor.
(9) Reimbursable loss. - A monetary loss that meets all of the following requirements: Results from dishonest or incompetent conduct by a general contractor in constructing or altering a single-family residential dwelling unit.
(9) Reimbursable loss. — A monetary loss that meets all of the following requirements: Results from dishonest or incompetent conduct by a general contractor in constructing or altering a single-family residential dwelling unit.
(10) Is not paid, in whole or in part, by or on behalf of the general contractor whose conduct caused the loss.
(10) Is not paid, in whole or in part, by or on behalf of the general contractor whose conduct caused the loss.
(11) Is not covered by a bond, a surety agreement, or an insurance contract.
(11) Is not covered by a bond, a surety agreement, or an insurance contract.
(12) Single-family residential dwelling unit. - A separately owned residence for use of one or more persons as a housekeeping unit with space for eating, living, and permanent provisions for cooking and sanitation, whether or not attached to other such residences.
(12) Single-family residential dwelling unit. — A separately owned residence for use of one or more persons as a housekeeping unit with space for eating, living, and permanent provisions for cooking and sanitation, whether or not attached to other such residences.
History
(1991, c. 547, s. 1.)
Opinions of Attorney General
Payment from General Contractor Precludes Reimbursement from Fund. - A homeowner who has suffered a monetary loss and who has filed an application for reimbursement from the Homeowners Recovery Fund established pursuant to this Chapter is not entitled to any recovery from the Fund if he has received any monetary payment, regardless of amount, from the general contractor responsible for the loss. See opinion of Attorney General to Mark D. Selph, Secretary-Treasurer N.C. Licensing Board for General Contractors, 1998 N.C.A.G. 3 (1/16/98).
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.