North Carolina General Statutes Chapter 47H Contracts for Deed

• N.C. Gen. Stat. § 47H-1.   Definitions
  The following definitions apply in this Chapter: (1) Contract for deed or contract. - An agreement, whether denominated a "contract for deed," "installment land...
• N.C. Gen. Stat. § 47H-2.   Minimum contents for contracts for deed; recordation
  (a) Writing Required. - Every contract for deed shall be evidenced by a contract signed and acknowledged by all parties to it and containing...
• N.C. Gen. Stat. § 47H-3.   Conditions of forfeiture; right to cure
  A purchaser's rights under a contract for deed shall not be forfeited except as provided in this Chapter. A contract for deed cannot be...
• N.C. Gen. Stat. § 47H-4.   Notice of default and intent to forfeit
  (a) The notice of default and intent to forfeit shall contain all of the following: (1) The name, address, and telephone number of the...
• N.C. Gen. Stat. § 47H-5.   Periodic statements of account
  The seller shall provide the purchaser with a statement of account at least once every 12-month period for the term of a contract for...
• N.C. Gen. Stat. § 47H-6.   Title requirements
  (a) A seller may not execute a contract for deed with a purchaser if the seller does not hold title to the property. If...
• N.C. Gen. Stat. § 47H-7.   Late fees
  No seller may charge a late payment charge under a contract for deed in excess of four percent (4%) of the amount of the...
• N.C. Gen. Stat. § 47H-8.   Remedies
  A violation of any provision of this Chapter constitutes an unfair trade practice under G.S. 75-1.1. A purchaser may bring an action for the...

Last modified: March 23, 2014