Bill Summary for S 124 (2023-2024)

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Summary date: 

May 15 2024

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 124 (Public) Filed Thursday, February 16, 2023
AN ACT TO PROVIDE A CANCELLATION PERIOD FOR RESIDENTIAL ROOF REPLACEMENT OR REPAIR CONTRACTS, TO PERMIT CERTAIN INSURANCE TRADE PRACTICES RELATED TO GIFTS, REBATES, AND SERVICES OFFERED FOR FREE OR FOR LESS THAN MARKET VALUE, AND TO PLACE A CAP ON INSURANCE REFERRAL FEES PAID TO NONLICENSED PERSONS.
Intro. by Johnson.

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Bill summary

House committee substitute to the 2nd edition replaces the content of the previous edition with the following.

Amends GS 14-401.13 by making contracts for residential roof replacement or repair subject to a five-business day cancellation period following an insurance claim denial for the work to be performed under the contract. Prohibits the seller from beginning work or collecting payment until the expiration of the five business days. Entitles the residential roofing contractor to collect the amount due for emergency services at the time they are rendered, if the services were acknowledged by the insured as necessary to prevent further damage to the premises. Violations are a Class 1 misdemeanor. Amends the terms that are defined for use in this statute by adding and defining residential roof replacement and repair services and to amend the definitions of consumer goods or services and seller to account for residential roof replacement and repair services. Applies to contracts entered into on or after October 1, 2024.

Makes conforming changes to the act’s titles.