Signed by Governor Josh Stein

Vote Smart's Synopsis:

Vote to amend and pass a bill that establishes a timeshare trustee foreclosure process for certain delinquent assessments for North Carolina timeshares and also changes the process for establishing paternity for children born out of wedlock.

Highlights:

• Specifies that this section is intended to provide, as an alternative to judicial foreclosure, a simple and inexpensive method of enforcing payment of assessments, to the knowledge of all persons, and recognize, in authorizing this timeshare trustee foreclosure proceeding, that all persons owning a timeshare know or should know that the assessment lien on their timeshare may be foreclosed and the timeshare sold for failure to pay assessments  (Sec. 2).

• Specifies that Sections 1 and 2 of this act become effective December 1, 2025, and apply to claims of lien filed on or after that date (Sec. 5).