A BILL TO BE ENTITLED
AN ACT to declare signing a written statement that all materialmen's liens are satisfied is an unfair and deceptive act.
The General Assembly of North Carolina enacts:
SECTION 1.  Part 3 of Article 2 of Chapter 44A is amended to add a new section to read:
"§ 44A‑24.1. Certain false statements an unfair and deceptive act.
It shall be an unfair and deceptive act under Chapter 75 of the General Statutes for any person to sign a written statement of any kind stating that all liens under this Article have been satisfied when the person has actual knowledge that any lien is outstanding."
SECTION 2.  This act becomes effective October 1, 2005, and applies to actions on or after that date.