A BILL TO BE ENTITLED
AN ACT to provide that it is an unfair and deceptive act for a person to sign a written statement that all materialmen's liens are satisfied when the person has actual knowledge that any materialmen's lien remains unsatisfied.
The General Assembly of North Carolina enacts:
SECTION 1.  The title of Part 3 of Article 2 of Chapter 44A of the General Statutes reads as rewritten:
"Part 3. Sanctions for Furnishing a False Statement in Connection with Improvement to Real Property."
SECTION 2.  Part 3 of Article 2 of Chapter 44A of the General Statutes is amended by adding 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 established pursuant to this Article have been satisfied when the person has actual knowledge that any lien established pursuant to this Article remains unsatisfied."
SECTION 3.  This act becomes effective October 1, 2005, and applies to written statements signed on or after that date.