North Carolina § 75-122 - Remedies.
Full text of North Carolina North Carolina General Statutes § 75-122 — Remedies., with citation guidance and answers to common questions.
§ 75-122. Remedies.
A violation of G.S. 75-121 is an unfair trade practice under G.S. 75-1.1. A homeowner may bring an action for the recovery of damages, to void a prohibited foreclosure rescue transaction, as well as for declaratory or equitable relief for a violation of this Article. The provisions of this section shall not be enforceable against a bona fide purchaser for value. The rights and remedies provided herein are cumulative to, and not a limitation of, any other rights and remedies provided by law or equity. Nothing in this Chapter shall be construed to subject an individual homeowner selling his or her primary residence to liability under G.S. 75-1.1. History (2010-164, s. 2; 2010-97, s. 15(a).) Editor's Note. - Session Laws 2010-97, s. 15(a) was contingent upon Senate Bill 1015, 2009 Regular Session, becoming law. Senate Bill 1015 was enacted as Session Laws 2010-164. Session Laws 2010-164, s. 6, made this section effective October 1, 2010, and applicable to transactions entered on or after that date. Effect of Amendments. - Session Laws 2010-97, s. 15(a), effective October 1, 2010, and applicable to transactions entered on or after that date, added the last sentence. §§ 75-123, 75-124: Reserved for future codification purposes.
Frequently Asked Questions About North Carolina § 75-122
What does North Carolina General Statutes § 75-122 cover?
Section 75-122 ("Remedies.") 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 § 75-122?
A common citation format is "North Carolina General Statutes § 75-122" (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 § 75-122 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.