Bill Summary for H 756 (2019-2020)

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Bill: RES. PROP. DISCLOSURE ACT- EXEMPTION CHANGES.

Summary date: 

Apr 15 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 756 (Public) Filed Monday, April 15, 2019
AN ACT TO REMOVE THE EXEMPTION OF CERTAIN LAND TRANSFERS FROM A PORTION OF THE DISCLOSURE REQUIREMENTS OF THE RESIDENTIAL PROPERTY DISCLOSURE ACT.
Intro. by John.

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Bill summary

Amends GS 47E-2 to no longer exempt transfers involving the first sale of a dwelling never inhabited from the provisions of GS 47E-4 (setting out required disclosures for property transfers).