Bill Summary for H 174 (2011-2012)
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Summary date:
Jun 7 2011
S.L. 2011-165
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO ENACT THE COMMERCIAL REAL ESTATE BROKER LIEN ACT.Intro. by McCormick, Gibson, Daughtry.
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Bill summary
House amendment makes the following changes to 3rd edition. Amends proposed GS 44A-24.9(b) to clarify that a lender is not to be made a party to any suit to enforce a lien under Part 4 of Article 2 of GS Chapter 44A, unless the lender has willfully caused the nonpayment of the commission giving rise to the lien. Makes other technical and clarifying changes.