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  • Summary date: May 17 2012 - View Summary

    Enacts new Article 6, North Carolina Community Association Managers Licensure Act, to GS Chapter 93A. Prohibits a person, on or after October 1, 2012, from acting as a community association manager without first obtaining a license to provide community association management. Requires every community association manager, effective October 1, 2012, to be covered by a fidelity bond of at least $20,000 or an insurance policy complying with specified provisions, and requires a manager controlling a community association's money or a community association member's money to comply with detailed conditions.
    Defines community association manager as any person who, for compensation, performs two or more of the listed acts or services for a community association. Exempts specified persons and activities from the licensure requirement. Establishes a seven-member NC Licensure Board for Community Association Managers (Board), with initial appointment by October 1, 2012. Directs the Board to administer Article 6, issue licenses, and perform additional, enumerated duties. Sets out qualifications for licensure as a community association manager and lists fees that may be charged by the Board. Provides for license renewal, and permits the Board to create continuing education programs for licensees. Requires every community association that employs a licensed manager and that meets certain membership guidelines to register with the Board on or before January 1 each year. Grants the Board authority to take disciplinary action against a licensee upon the Board's own initiative or following a complaint by any person. Directs licensees to retain records for at least three years. Makes a violation of Article 6 a Class 2 misdemeanor.
    Makes a conforming change to GS 93A-6(a)(12) (disciplinary action by the Real Estate Commission). Allows any person who has been a community association manager in North Carolina for at least three consecutive years to submit proof, within one year of the act's effective date, to the Board and receive a license.