{"data":{"id":"us-nc/n.c.-gen.-stat.-87-15.5","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 87-15.5","heading":"Definitions.","body":"The following definitions apply in this Article:\n(1)\tApplicant. - The owner or former owner of a single-family residential dwelling unit who has suffered a reimbursable loss and has filed an application for reimbursement from the Fund.\n(2)\tBoard. - The State Licensing Board for General Contractors.\n(3)\tDishonest conduct. - Fraud or deceit in either of the following:\na.\tObtaining a license under Article 1 of Chapter 87 of the General Statutes.\nb.\tThe practice of general contracting by a general contractor.\n(4)\tFund. - The Homeowners Recovery Fund.\n(5)\tGeneral contractor. - A person or other entity who meets any of the following descriptions:\na.\tIs licensed under Article 1 of Chapter 87 of the General Statutes.\nb.\tFraudulently procures any building permit by presenting the license certificate of a general contractor.\nc.\tFraudulently procures any building permit by falsely impersonating a licensed general contractor.\n(6)\tReimbursable loss. - A monetary loss that meets all of the following requirements:\na.\tResults from dishonest or incompetent conduct by a general contractor in constructing or altering a single-family residential dwelling unit.\nb.\tIs not paid, in whole or in part, by or on behalf of the general contractor whose conduct caused the loss.\nc.\tIs not covered by a bond, a surety agreement, or an insurance contract.\n(7)\tSingle-family residential dwelling unit. - A separately owned residence for use of one or more persons as a housekeeping unit with space for eating, living, and permanent provisions for cooking and sanitation, whether or not attached to other such residences. (1991, c. 547, s. 1.)","path":["Chapter 87. Contractors.","Article 1A. Homeowners Recovery Fund."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_87/GS_87-15.5.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:11:47Z","sha256":"5ff4b2fe6cbc83ba9100bcaadd41d96716c2ccc2225621ab5827db82ff1fec6d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-87-15.4","next":"us-nc/n.c.-gen.-stat.-87-15.6"},"notice":"GroundRules: Original legal text. Not legal advice."}