REQUIRING LANDLORDS TO GIVE NOTICE TO THE NORTH CAROLINA STATE BAR OF AN ATTORNEY'S DEFAULT ON A LEASE IN ORDER TO PROTECT THE CONFIDENTIALITY OF THE ATTORNEY'S FILES.
House committee substitute makes the following changes to 2nd edition.
Amends GS 47G-1 to clarify the definitions for the following terms as they apply in GS Chapter 47G: (1) covered lease agreement (was, covered lease agreement or lease agreement), (2) option contract or contract, and (3) option fee. Makes technical changes to GS 47G-7 and GS 47H-8 regarding remedies for a violation of GS Chapter 47G or GS Chapter 47H. New sections are effective October 1, 2011, and apply to transactions entered on or after that date. Amends the title.