State Codes and Statutes

Statutes > North-carolina > Chapter_87 > GS_87-15_5

Article1A.

Homeowners Recovery Fund.

§ 87‑15.5.  Definitions.

The following definitionsapply in this Article:

(1)        Applicant. – Theowner or former owner of a single‑family residential dwelling unit whohas suffered a reimbursable loss and has filed an application for reimbursementfrom the Fund.

(2)        Board. – The StateLicensing Board for General Contractors.

(3)        Dishonest conduct. –Fraud or deceit in either of the following:

a.         Obtaining a licenseunder Article 1 of Chapter 87 of the General Statutes.

b.         The practice ofgeneral contracting by a general contractor.

(4)        Fund. – TheHomeowners Recovery Fund.

(5)        General contractor.– A person or other entity who meets any of the following descriptions:

a.         Is licensed underArticle 1 of Chapter 87 of the General Statutes.

b.         Fraudulentlyprocures any building permit by presenting the license certificate of a generalcontractor.

c.         Fraudulentlyprocures any building permit by falsely impersonating a licensed generalcontractor.

(6)        Reimbursable loss. –A monetary loss that meets all of the following requirements:

a.         Results fromdishonest or incompetent conduct by a general contractor in constructing oraltering a single‑family residential dwelling unit.

b.         Is not paid, inwhole or in part, by or on behalf of the general contractor whose conductcaused the loss.

c.         Is not covered by abond, a surety agreement, or an insurance contract.

(7)        Single‑familyresidential dwelling unit. – A separately owned residence for use of one ormore persons as a housekeeping unit with space for eating, living, andpermanent provisions for cooking and sanitation, whether or not attached toother such residences. (1991, c. 547, s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_87 > GS_87-15_5

Article1A.

Homeowners Recovery Fund.

§ 87‑15.5.  Definitions.

The following definitionsapply in this Article:

(1)        Applicant. – Theowner or former owner of a single‑family residential dwelling unit whohas suffered a reimbursable loss and has filed an application for reimbursementfrom the Fund.

(2)        Board. – The StateLicensing Board for General Contractors.

(3)        Dishonest conduct. –Fraud or deceit in either of the following:

a.         Obtaining a licenseunder Article 1 of Chapter 87 of the General Statutes.

b.         The practice ofgeneral contracting by a general contractor.

(4)        Fund. – TheHomeowners Recovery Fund.

(5)        General contractor.– A person or other entity who meets any of the following descriptions:

a.         Is licensed underArticle 1 of Chapter 87 of the General Statutes.

b.         Fraudulentlyprocures any building permit by presenting the license certificate of a generalcontractor.

c.         Fraudulentlyprocures any building permit by falsely impersonating a licensed generalcontractor.

(6)        Reimbursable loss. –A monetary loss that meets all of the following requirements:

a.         Results fromdishonest or incompetent conduct by a general contractor in constructing oraltering a single‑family residential dwelling unit.

b.         Is not paid, inwhole or in part, by or on behalf of the general contractor whose conductcaused the loss.

c.         Is not covered by abond, a surety agreement, or an insurance contract.

(7)        Single‑familyresidential dwelling unit. – A separately owned residence for use of one ormore persons as a housekeeping unit with space for eating, living, andpermanent provisions for cooking and sanitation, whether or not attached toother such residences. (1991, c. 547, s. 1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_87 > GS_87-15_5

Article1A.

Homeowners Recovery Fund.

§ 87‑15.5.  Definitions.

The following definitionsapply in this Article:

(1)        Applicant. – Theowner or former owner of a single‑family residential dwelling unit whohas suffered a reimbursable loss and has filed an application for reimbursementfrom the Fund.

(2)        Board. – The StateLicensing Board for General Contractors.

(3)        Dishonest conduct. –Fraud or deceit in either of the following:

a.         Obtaining a licenseunder Article 1 of Chapter 87 of the General Statutes.

b.         The practice ofgeneral contracting by a general contractor.

(4)        Fund. – TheHomeowners Recovery Fund.

(5)        General contractor.– A person or other entity who meets any of the following descriptions:

a.         Is licensed underArticle 1 of Chapter 87 of the General Statutes.

b.         Fraudulentlyprocures any building permit by presenting the license certificate of a generalcontractor.

c.         Fraudulentlyprocures any building permit by falsely impersonating a licensed generalcontractor.

(6)        Reimbursable loss. –A monetary loss that meets all of the following requirements:

a.         Results fromdishonest or incompetent conduct by a general contractor in constructing oraltering a single‑family residential dwelling unit.

b.         Is not paid, inwhole or in part, by or on behalf of the general contractor whose conductcaused the loss.

c.         Is not covered by abond, a surety agreement, or an insurance contract.

(7)        Single‑familyresidential dwelling unit. – A separately owned residence for use of one ormore persons as a housekeeping unit with space for eating, living, andpermanent provisions for cooking and sanitation, whether or not attached toother such residences. (1991, c. 547, s. 1.)