North Carolina General Statutes Chapter 39A. Transfer Fee Covenants Prohibited § 39A-4. Applicability;  interpretation

(a) This Chapter applies to (i) any transfer fee covenant that is recorded after July 1, 2010;  (ii) any lien that is filed to enforce a transfer fee covenant that is recorded after July 1, 2010, or purports to secure payment of a transfer fee that is recorded after July 1, 2010;  and (iii) any agreement imposing a private transfer fee obligation entered into after July 1, 2010.

(b) Nothing in this Chapter shall be interpreted to mean that a transfer fee covenant recorded prior to July 1, 2010, is valid or enforceable.


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