North Carolina: Remember this required annual disclosure!

Many of my HOA clients hold their annual meetings in the first quarter. The N.C. Legislature passed a law in 2013 that promotes mediation of HOA disputes, and mandates the publication of a notice to the community regarding the availability of the mediation process. The statute is NCGS 7A-38.3F, which can be found here:  http://www.ncga.state.nc.us/gascripts/statutes/statutelookup.pl?statute=7A

Association Duty to Notify. – Each association shall, in writing, notify the members of the association each year that they may initiate mediation under this section to try to resolve a dispute with the association. The association shall publish the notice required in this subsection on the association’s Web site; but if the association does not have a Web site, the association shall publish the notice at the same time and in the same manner as the names and addresses of all officers and board members of the association are published as provided in G.S. 47C-3-103 and G.S. 47F-3-103.” Read more

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