North Carolina Administrative Code
Title 21 - OCCUPATIONAL LICENSING BOARDS AND COMMISSIONS
Chapter 12 - GENERAL CONTRACTORS
Subchapter A - GENERAL PROVISIONS
Section .0900 - HOMEOWNERS RECOVERY FUND
Section 12A .0910 - LIMITATIONS; PRO RATA DISTRIBUTION
Current through Register Vol. 39, No. 6, September 16, 2024
(a) Payments from the fund for an approved application shall not exceed an amount equal to 10 percent of the total amount in the fund at the time the application is approved by the Board. All applications considered by the Board at the same meeting shall be subject to the same limitation.
(b) Consequential damages, multiple or punitive damages, civil or criminal penalties or fines, incidental damages, special damages, interest, and court costs shall not constitute monetary losses.
Authority
G.S.
87-15.6;
87-15.7;
87-15.8;
Eff. March 1,
1993;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. July 23, 2016;
Recodified from
21 NCAC
12 .0910 Eff. January 2,
2020.
