§ 47C-4-101 Applicability; waiver
§ 47C-4-102 Liability for public offering statement requirements
§ 47C-4-103 Public offering statement; general provisions
§ 47C-4-104 Same; condominiums subject to developmental rights
§ 47C-4-105 Same; time share
§ 47C-4-106 Conversion buildings
§ 47C-4-107 Same; condominium securities
§ 47C-4-108 Purchaser’s right to cancel
§ 47C-4-109 Resales of units
§ 47C-4-110 Escrow of deposits
§ 47C-4-111 Release of liens or encumbrances
§ 47C-4-113 Express warranties of quality
§ 47C-4-114 Implied warranties of quality
§ 47C-4-115 Exclusion of modification of implied warranties of quality
§ 47C-4-116 Statute of limitations for warranties
§ 47C-4-117 Effect of violations on rights of action; attorney’s fees
§ 47C-4-118 Labeling of promotional material
§ 47C-4-119 Declarant’s obligation to complete
§ 47C-4-120 Substantial completion of units
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Terms Used In North Carolina General Statutes > Chapter 47C > Article 4 - Protection of Purchasers

  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Service of process: The service of writs or summonses to the appropriate party.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3