A BILL TO BE ENTITLED
AN ACT to remove the exemption of certain land transfers from a portion of the disclosure requirements of the Residential property disclosure act.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 47E‑2 reads as rewritten:
"§ 47E‑2.  Exemptions.
…
(b)	The following transfers are exempt from the provisions of G.S. 47E‑4 but not from the requirements of G.S. 47E‑4.1:
	
(2)	Lease with option to purchase contracts where the lessee occupies or intends to occupy the dwelling.
(3)	Transfers between parties when both parties agree not to complete a residential property disclosure statement or an owners' association and mandatory covenants disclosure statement."
SECTION 2.  This act is effective when it becomes law and applies to contracts executed on or after that date.