H531 - Timeshare Act Changes/Education Provider Bond Repeal. (SL 2021-163)

Overview: S.L. 2021-163:

• Eliminates bond requirements for applicants seeking certification by the North Carolina Real Estate Commission as a real estate education provider
• Substantially revises the North Carolina Time Share Act
• Makes conforming and technical changes to related statutory provisions

This act became effective October 6, 2021. As amended by S.L. 2021-192, s. 5, this act's revisions to the Timeshare Act do not apply to timeshare transfer service providers before July 1, 2022.