Bill Summary for H 690 (2011-2012)

Summary date: 

Jun 27 2012

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 690 (Public) Filed Wednesday, April 6, 2011
TO REQUIRE THAT RESIDENTIAL REAL ESTATE CLOSINGS AND SETTLEMENTS UNDER THE GOOD FUNDS SETTLEMENT ACT BE SUPERVISED BY ATTORNEYS LICENSED IN THIS STATE, TO REQUIRE THAT INTEREST EARNED ON REAL ESTATE SETTLEMENT FUNDS HELD IN TRUST OR ESCROW ACCOUNTS BE PAID INTO THE NORTH CAROLINA STATE BAR’S INTEREST ON LAWYERS’ TRUST ACCOUNT FUND, AND TO PROVIDE A PRIVATE CAUSE OF ACTION FOR PERSONS HARMED BY THE UNAUTHORIZED PRACTICE OF LAW.
Intro. by Stevens, Jordan.

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Bill summary

Senate amendment makes the following change to 4th edition.
Deletes amendments to GS 15A-266.3A(i) and (j), which clarified the procedure to request expunction of the defendant’s DNA. Retains amendment to GS 15A-266.3A(k), requiring the State Bureau of Investigation to take one of the prescribed acts within 90 days following receipt of the verification form from the district attorney.

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