North Carolina § 93A-22 - Repayment to fund; automatic suspension of license.
Full text of North Carolina North Carolina General Statutes § 93A-22 — Repayment to fund; automatic suspension of license., with citation guidance and answers to common questions.
§ 93A-22. Repayment to fund; automatic suspension of license.
Should the Commission pay from the Real Estate Education and Recovery Fund any amount in settlement of a claim or toward satisfaction of a judgment against a licensed real estate broker, any license issued to the broker shall be automatically suspended upon the effective date of the order authorizing payment from the fund. No such broker shall be granted a reinstatement until the fund has been repaid in full, including interest at the legal rate as provided for in G.S. 24-1. History (1979, c. 614, s. 1; 1983, c. 81, s. 2; 1987, c. 516, s. 14; 2000-140, s. 19(b); 2001-487, s. 23(f); 2005-395, s. 15; 2011-217, s. 15.) Effect of Amendments. - Session Laws 2005-395, s. 15, effective April 1, 2006, substituted "any license issued to" for "the license of" in the first sentence. Session Laws 2011-217, s. 15, effective January 1, 2012, throughout the section, deleted " or salesperson" following "broker"; and in the first sentence, substituted "Real Estate Education and Recovery Fund" for "Real Estate Recovery Fund."
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 93A-22
What does North Carolina General Statutes § 93A-22 cover?
Section 93A-22 ("Repayment to fund; automatic suspension of license.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 93A-22?
A common citation format is "North Carolina General Statutes § 93A-22" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 93A-22 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.