AN ACT ESTABLISHING THE COMMUNITY ASSOCIATION MANAGERS LICENSURE ACT AND REQUIRING REGISTRATION OF ALL COMMUNITY ASSOCIATIONS.
Amends GS 93A-3 to require at least two members of the North Carolina Real Estate Commission (Commission) to be licensed community association managers.
Adds new Article 7, Community Association Managers, to GS Chapter 7. Prohibits acting as a community association manager on or after July 1, 2016, without a license from the Commission, with specified exemptions. Defines community association manager, community association, and private community association manager school. Establishes requirements for licensure and conditions under which licensure can be denied. Requires every community association manager to be covered by a fidelity bond or an insurance policy that meets the specified requirements. Sets out disciplinary actions that the Commission may take. Makes violation of the Article a Class 1 misdemeanor. Gives the Commission authority to license private community association manager schools and prohibits operating a private community association manager school without a license. Sets out further requirements for licensing private community association manager schools, including licensing fees and licensing standards. Requires private community association manager schools to execute a $5,000 bond.
Enacts new Article 8, Registration of Community Associations, in GS Chapter 93A. Requires every community association to register annually with the Commission beginning January 1, 2016. Specifies information that must be provided to the Commission.
Enacts new GS 143B-966 to allow criminal record checks for applicants for community association manager licensure.
Makes conforming changes to GS 47F-3-116. Enacts new GS 47F-3-117 (concerning planned community associations) and new GS 47C-3-120 (concerning condominium owners' associations), requiring these associations to register with the Commission and adds that failure to register means that the association will not be able to enforce liens filed against a lot or lot owner.
© 2020 School of Government The University of North Carolina at Chapel Hill
This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.
Beginning January 1, you do not need to log in to view the Daily Bulletin, Bills and Bill Summaries.