NCAR Legislative Meetings

North Carolina Association of REALTORS®
Legislative Meetings
Raleigh, NC
April 22-23, 2013

FRAR Members Present: Wendy Harris, James Sherrill, Chet Oehme, Steve Cohan, Suzanne Pennick, Jay Dowdy, Johnniecia Corwise, Dave Evans, Ralph Reagan, Swyan Hamlet, David Leet, Queen Wheeler, Zan Monroe, Jane Cannon, Debbie McFayden, Cheryl Spears

What Happened:  Various meetings took place at the NCAR Legislative Meetings in Raleigh.  The following talking points are from those meetings.  On Wednesday April 24, FRAR members sat down with Senators Wesley Meredith, Ben Clark and Representatives Marvin Lucas, John Szoka, and Elmer Floyd to discuss various issues including tax reform that will have an impact on the Fayetteville region.

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Lien Law Change

FRAR Members… For Your Information! 

Beginning Monday, April 1, 2013, property owners must appoint a lien agent when they first contract for improvements to their property.  The owner must use a title insurance agency registered with the N.C. Department of Insurance.

Why does this law new exist?  In the past, a homeowner is held liable to pay for a subcontractor’s unpaid bill because the general contractor refused to pay the subcontractor on a project.  Under the new bill, the contractor will be required to provide additional information on the lien agent.  This information will be placed on the building permit application.

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