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 .0911 - SUBROGATION OF RIGHTS
Universal Citation: 21 NC Admin Code 12A .0911
Current through Register Vol. 39, No. 6, September 16, 2024
When the Board has paid from the fund any sum to the applicant, the Board shall be subrogated to the rights of the applicant and the applicant shall assign to the Board all of his rights, title, and interest in the claim to the extent of the amount paid from the fund.
Authority
G.S.
87-15.6;
87-15.7;
87-15.9;
Eff. January
4, 1993;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. July 23, 2016;
Recodified from
21 NCAC
12 .0911 Eff. January 2,
2020.
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