reglab/housing_qa huggingface dataset:
NC Gen Stat § 93A-36 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 3 - Private Real Estate Education Providers and Continuing Education Requirements.|§ 93A-36 - Execution of bond required; applicability to branch schools; actions upon bond.

 93A-36. Execution of bond required; applicability to branch schools; actions upon bond.(a) Before the Commission shall issue a certification the applicant shall execute a bond in the sum of five thousand dollars ($5,000), payable to the State of North Carolina, signed by a solvent guaranty company authorized to do business in the State of North Carolina, and conditioned that the principal in said bond will carry out and comply with each and every contract or agreement, written or verbal, made and entered into by the applicant's education provider acting by and through its officers and agents with any student who desires to take any courses offered by the education provider and that said principal will refund to such students all amounts collected in tuition and fees in case of failure on the part of the party obtaining a certification from the Commission to operate as a private real estate education provider or to provide the instruction agreed to or contracted for. Such bond shall be required for each education provider for which a certification is required and shall be first approved by the Commission and then filed with the clerk of superior court of the county in which the school is located, to be recorded by such clerk in a book provided for that purpose. A separate bond shall not be required for each location of an education provider.(b) In any and all cases where the party licensed by the Commission fails to fulfill its obligations under any contract or agreement, written or verbal, made and entered into with any student, then the State of North Carolina, upon the relation of the student(s) entering into said contract or agreement, shall have a cause of action against the principal and surety on the bond herein required for the full amount of payments made to such party, plus court costs and six percent (6%) interest from the date of payment of said amount. Such suits shall be brought in Wake County Superior Court within one year of the alleged default.  (1979, 2nd Sess., c. 1193, s. 1; 1983, c. 81, s. 2; 1999-229, s. 12; 2019-195, s. 3.)
NC Gen Stat § 93A-38 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 3 - Private Real Estate Education Providers and Continuing Education Requirements.|§ 93A-38 - Suspension, revocation or denial of certification.

 93A-38. Suspension, revocation or denial of certification.The Commission shall have the power to suspend, revoke, deny issuance, or deny renewal of certification of a private real estate education provider. In all proceedings to suspend, revoke or deny a certification, the provisions of Chapter 150B of the General Statutes shall be applicable. The Commission may suspend, revoke, or deny such certification or renewal thereof when it finds that the applicant or principal thereof or holder of such certification has done any of the following:(1) Refused or failed to comply with any of the provisions of this Article or the rules or regulations promulgated thereunder.(2) Knowingly presented to the Commission false or misleading information relating to matters within the purview of the Commission under this Article.(3) Presented to its students or prospective students false or misleading information relating to its instructional program, to the instructional programs of other institutions or to employment opportunities.(4) Failed to comply with the provisions of any contract or agreement entered into with a student.(5) At any time refused to permit authorized representatives of the Commission to inspect the school, or failed to make available to them upon request full information relating to matters within the purview of the Commission under the provisions of this Article or the rules or regulations promulgated thereunder.(6) Pleaded guilty, entered a plea of nolo contendere or been found guilty of a crime involving moral turpitude in any state or federal court.  (1979, 2nd Sess., c. 1193, s. 1; 1983, c. 81, s. 2; 1987, c. 827, s. 1; 2005-395, s. 18; 2019-195, s. 3.)
NC Gen Stat § 93A-39 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-39 - Title.

 93A-39. Title.This Article shall be known and may be cited as the "North Carolina Time Share Act." (1983, c. 814, s. 1.)
NC Gen Stat § 93A-40 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-40 - Registration required of time share projects; real estate license required.

 93A-40. Registration required of time share projects; real estate license required.(a) It shall be unlawful for any person in this State to engage or assume to engage in the business of a time share developer or time share salesperson to sell or offer to sell a time share located in this State without the time share developer first obtaining a certificate of registration for the time share project to be offered for sale issued by the North Carolina Real Estate Commission under the provisions of this Article. A time share salesperson shall be a licensed real estate broker subject to the provisions of this Chapter unless the time share salesperson (i) meets the requirement for exemption set forth in G.S. 93A-2(c)(1) or (ii) is an employee of the registered time share developer, whose income is reported on IRS Form W-2 of the registered time share developer.(b) A person responsible as general partner, corporate officer, joint venturer or sole proprietor who intentionally acts as a time share developer, allowing the offering of sale or the sale of time shares to a purchaser, without first obtaining registration of the time share project under this Article shall be guilty of a Class I felony.  (1983, c. 814, s. 1; 1987, c. 516, s. 16; 2000-140, s. 19(b); 2005-395, s. 19; 2019-195, s. 4.)
NC Gen Stat § 93A-42.1 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-42.1 - Construction and validity of declarations adopted prior to the Time Share Act.

 93A-42.1. Construction and validity of declarations adopted prior to the Time Share Act.(a) All provisions contained in time share declarations adopted and recorded at the appropriate register of deeds office prior to July 1, 1984, are severable.(b) The rule against perpetuities may not be applied to defeat any provision of time share declarations or bylaws adopted and recorded at the appropriate register of deeds office prior to July 1, 1984.(c) Except as otherwise provided in the time share declaration, the board of directors of a time share project may, by an affirmative vote of two-thirds of the board, amend a provision within the time share declaration, provided that the provision to be changed meets all of the following criteria:(1) The provision was adopted as part of the original time share declaration recorded prior to July 1, 1984.(2) The provision either converts or provides a mechanism to convert ownership of time share units to tenancy in common.(d) Title or interest in a time share project or unit is not rendered unmarketable or otherwise affected by reason of an insubstantial failure of the time share declaration to comply with this section. Whether a substantial failure to comply with this section impairs marketability shall be determined by the laws of this State relating to marketability.(e) This section shall not otherwise impair the ability of the individual time share owner's right under the time share declaration, bylaws, or the laws of this State to vote to terminate the time share project or to amend the declaration to provide for the termination of the time share project and interests.  (2014-99, s. 1.)
NC Gen Stat § 93A-43 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-43 - Partition.

 93A-43. Partition.When a time share is owned by two or more persons as tenants in common or as joint tenants, either may seek a partition by sale of that interest under Chapter 46A of the General Statutes, but no purchaser of a time share shall maintain a proceeding for partition, whether by actual partition or by partition sale, of the unit in which the time share is held.  (1983, c. 814, s. 1; 2020-23, s. 15.)
NC Gen Stat § 93A-44 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-44 - Public offering statement.

 93A-44. Public offering statement.Each developer shall fully and conspicuously disclose in a public offering statement:(1) The total financial obligation of the purchaser, which shall include the initial purchase price and any additional charges to which the purchaser may be subject;(2) Any person who has or may have the right to alter, amend or add to charges to which the purchaser may be subject and the terms and conditions under which such charges may be imposed;(3) The nature and duration of each agreement between the developer and the person managing the time share program or its facilities;(4) The date of availability of each amenity and facility of the time share program when they are not completed at the time of sale of a time share;(5) The specific term of the time share;(6) The purchaser's right to cancel within five days of execution of the contract and how that right may be exercised under G.S. 93A-45;(7) A statement that under North Carolina law an instrument conveying a time share must be recorded in the Register of Deeds Office to protect that interest; and(8) Any other information which the Commission may by rule require.The public offering statement shall also contain a one page cover containing a summary of the text of the statement. (1983, c. 814, s. 1.)
NC Gen Stat § 93A-45 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-45 - Purchaser's right to cancel; escrow; violation.

 93A-45. Purchaser's right to cancel; escrow; violation.(a) A developer shall, before transfer of a time share and no later than the date of any contract of sale, provide a prospective purchaser with a copy of a public offering statement containing the information required by G.S. 93A-44. The contract of sale is voidable by the purchaser for five days after the execution of the contract. The contract shall conspicuously disclose the purchaser's right to cancel under this subsection and how that right may be exercised. The purchaser may not waive this right of cancellation. Any oral or written declaration or instrument that purports to waive this right of cancellation is void.(b) A purchaser may elect to cancel within the time period set out in subsection (a) by hand delivering or by mailing notice to the developer or the time share salesperson. Cancellation under this section is without penalty and upon receipt of the notice all payments made prior to cancellation must be refunded immediately.(c) Any payments received by a time share developer or time share salesperson in connection with the sale of the time share shall be immediately deposited by the developer or salesperson in a trust or escrow account in a federally insured depository institution or a trust institution authorized to do business in this State and shall remain in such account for 10 days or cancellation by the purchaser, whichever occurs first. Payments held in such trust or escrow accounts shall be deemed to belong to the purchaser and not the developer. In lieu of such escrow requirements, the Commission shall have the authority to accept, in its discretion, alternative financial assurances adequate to protect the purchaser's interest during the contract cancellation period, including but not limited to a surety bond, corporate bond, cash deposit or irrevocable letter of credit in an amount equal to the escrow requirements.(d) If a developer fails to provide a purchaser to whom a time share is transferred with the statement as required by subsection (a), the purchaser, in addition to any rights to damages or other relief, is entitled to receive from the developer an amount equal to ten percent (10%) of the sales price of the time share not to exceed three thousand dollars ($3,000). A receipt signed by the purchaser stating that the purchaser has received the statement required by subsection (a) is prima facie evidence of delivery of the statement.  (1983, c. 814, s. 1; 1985, c. 578, s. 4.; 2000-140, s. 19(b); 2001-487, s. 23(j); 2017-25, s. 1(l).)
NC Gen Stat § 93A-46 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-46 - Prizes.

 93A-46. Prizes.An advertisement of a time share which includes the offer of a prize or other inducement shall fully comply with the provisions of Chapter 75 of the General Statutes. (1983, c. 814, s. 1.)
NC Gen Stat § 93A-47 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-47 - Time shares proxies.

 93A-47. Time shares proxies.No proxy, power of attorney or similar device given by the purchaser of a time share regarding the management of the time share program or its facilities shall exceed one year in duration, but the same may be renewed from year to year. (1983, c. 814, s. 1.)
NC Gen Stat § 93A-49 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-49 - Service of process on exchange company.

 93A-49. Service of process on exchange company.Any exchange company offering an exchange program to a purchaser shall be deemed to have made an irrevocable appointment of the Commission to receive service of lawful process in any proceeding against the exchange company arising under this Article. (1983, c. 814, s. 1.)
NC Gen Stat § 93A-50 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-50 - Securities laws apply.

 93A-50. Securities laws apply.The North Carolina Securities Act, Chapter 78A, shall also apply, in addition to the laws relating to real estate, to time shares deemed to be investment contracts or to other securities offered with or incident to a time share; provided, in the event of such applicability of the North Carolina Securities Act, any offer or sale of time shares registered under this Article shall not be subject to the provisions of G.S. 78A-24 and any real estate broker registered under Article 1 of this Chapter shall not be subject to the provisions of G.S. 78A-36. (1983, c. 814, s. 1.; 2000-140, s. 19(b); 2005-395, s. 21.)
NC Gen Stat § 93A-51 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-51 - Rule-making authority.

 93A-51. Rule-making authority.The Commission shall have the authority to adopt rules and regulations that are not inconsistent with the provisions of this Article and the General Statutes of North Carolina. The Commission may prescribe forms and procedures for submitting information to the Commission. (1983, c. 814, s. 1.)
NC Gen Stat § 93A-53 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-53 - Register of applicants; roster of registrants; registered projects; financial report to Secretary of State.

 93A-53. Register of applicants; roster of registrants; registered projects; financial report to Secretary of State.(a) The Executive Director of the Commission shall keep a register of all applicants for certificates of registration, showing for each the date of application, name, business address, and whether the certificate was granted or refused.(b) The Executive Director of the Commission shall also keep a current roster showing the name and address of all time share projects registered with the Commission. The roster shall be kept on file in the office of the Commission and be open to public inspection.(c) The Commission shall include a copy of the roster of time share projects current on the preceding June 30 and a statement of the income received by the Commission in connection with the registration of time share projects during the fiscal year ending on June 30 with the report required by G.S. 93B-2.  (1983, c. 814, s. 1; 2011-217, s. 21.)
NC Gen Stat § 93A-55 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-55 - Private enforcement.

 93A-55. Private enforcement.The provisions of the Article shall not be construed to limit in any manner the right of a purchaser or other person injured by a violation of this Article to bring a private action. (1983, c. 814, s. 1.)
NC Gen Stat § 93A-56 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-56 - Penalty for violation of Article.

 93A-56. Penalty for violation of Article.Except as provided in G.S. 93A-40(b) and G.S. 93A-58, any person violating the provisions of this Article shall be guilty of a Class 1 misdemeanor. (1983, c. 814, s. 1; 1985, c. 578, s. 11; 1987, c. 516, s. 19; 1993, c. 539, s. 658; 1994, Ex. Sess., c. 24, s. 14(c).)
NC Gen Stat § 93A-57 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-57 - Release of liens.

 93A-57. Release of liens.(a) Prior to any recordation of the instrument transferring a time share, the developer shall record and furnish notice to the purchaser of a release or subordination of all liens affecting that time share, or shall provide a surety bond or insurance against the lien from a company acceptable to the Commission as provided for liens on real estate in this State, or such underlying lien document shall contain a provision wherein the lienholder subordinates its rights to that of a time share purchaser who fully complies with all of the provisions and terms of the contract of sale.(b) Unless a time share owner or a time share owner who is his predecessor in title agree otherwise with the lienor, if a lien other than a mortgage or deed of trust becomes effective against more than one time share in a time share project, any time share owner is entitled to a release of his time share from a lien upon payment of the amount of the lien attributable to his time share. The amount of the payment must be proportionate to the ratio that the time share owner's liability bears to the liabilities of all time share owners whose interests are subject to the lien. Upon receipt of payment, the lien holder shall promptly deliver to the time share owner a release of the lien covering that time share. After payment, the managing agent may not assess or have a lien against that time share for any portion of the expenses incurred in connection with that lien. (1983, c. 814, s. 1; 1985, c. 578, s. 12.)
NC Gen Stat § 93A-58 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-58 - Registrar required; criminal penalties; project broker.

 93A-58. Registrar required; criminal penalties; project broker.(a) Every developer of a registered project shall, by affidavit filed with the Commission, designate a natural person to serve as time share registrar for its registered projects. The registrar shall be responsible for the recordation of time share instruments and the release of liens required by G.S. 93A-42(c) and G.S. 93A-57(a). A developer may, from time to time, change the designated time share registrar by proper filing with the Commission and by otherwise complying with this subsection. No sales or offers to sell shall be made until the registrar is designated for a time share project.The registrar has the duty to ensure that the provisions of this Article are complied with in a time share project for which the person is registrar. No registrar shall record a time share instrument except as provided by this Article.(b) A time share registrar is guilty of a Class I felony if he or she knowingly or recklessly fails to record or cause to be recorded a time share instrument as required by this Article.A person responsible as general partner, corporate officer, joint venturer or sole proprietor of the developer of a time share project is guilty of a Class I felony if the person intentionally allows the offering for sale or the sale of time share to purchasers without first designating a time share registrar.(c) The developer shall designate for each project and other locations where time shares are sold or offered for sale a project broker. The project broker shall act as supervising broker for all time share salespersons at the project or other location and shall directly, personally, and actively supervise all such persons at the project or other location in a manner to reasonably ensure that the sale of time shares will be conducted in accordance with the provisions of this Chapter. (1985, c. 578, s. 13; 1987, c. 516, s. 20; 1993, c. 539, s. 1289; 1994, Ex. Sess., c. 24, s. 14(c).; 2000-140, s. 19(b); 2001-487, s. 23(m); 2005-395, s. 24.)
NC Gen Stat § 93A-59 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 4 - Time Shares.|§ 93A-59 - Preservation of time share purchaser's claims and defenses.

 93A-59. Preservation of time share purchaser's claims and defenses.(a) For one year following the execution of an instrument of indebtedness for the purchase of a time share, the purchaser of a time share may assert against the seller, assignee of the seller, or other holder of the instrument of indebtedness, any claims or defenses available against the developer or the original seller, and the purchaser may not waive the right to assert these claims or defenses in connection with a time share purchase. Any recovery by the purchaser on a claim asserted against an assignee of the seller or other holder of the instrument of indebtedness shall not exceed the amount paid by the purchaser under the instrument. A holder shall be the person or entity with the rights of a holder as set forth in G.S. 25-3-301.(b) Every instrument of indebtedness for the purchase of a time share shall set forth the following provision in a clear and conspicuous manner: "NOTICE    FOR A PERIOD OF ONE YEAR FOLLOWING THE EXECUTION OF THIS INSTRUMENT OF INDEBTEDNESS, ANY HOLDER OF THIS INSTRUMENT OF INDEBTEDNESS IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE PURCHASER COULD ASSERT AGAINST THE SELLER OF THE TIME SHARE. RECOVERY BY THE PURCHASER SHALL NOT EXCEED AMOUNTS PAID BY THE PURCHASER UNDER THIS INSTRUMENT."   (1985, c. 578, s. 13.)
NC Gen Stat § 93A-82 (2021)
2021 North Carolina General Statutes|Chapter 93A - Real Estate License Law|Article 6 - Broker Price Opinions and Comparative Market Analyses.|§ 93A-82 - Definitions.

 93A-82. Definitions.As used in this Article, the terms "broker price opinion" and "comparative market analysis" mean an estimate prepared by a licensed real estate broker that details the probable selling price or leasing price of a particular parcel of or interest in property and provides a varying level of detail about the property's condition, market, and neighborhood, and information on comparable properties, but does not include an automated valuation model.  (2012-163, s. 2.)
NC Gen Stat § 93E-1-1 (2021)
2021 North Carolina General Statutes|Chapter 93E - North Carolina Appraisers Act|Article 1 - Real Estate Appraiser.|§ 93E-1-1 - Title.

 93E-1-1. Title.This Chapter shall be known and may be cited as the "North Carolina Appraisers Act". (1993, c. 419, s. 6.)