Clarifies the prohibition against kickbacks in title insurance transactions in North Carolina.
The bill amends North Carolina's General Statutes to clarify the prohibition against kickbacks in title insurance transactions. It prohibits any person or entity involved in real estate settlements from paying or receiving kickbacks, rebates, commissions, or other payments related to title insurance. Exceptions are made for payments due to stock ownership or employee commissions. Violations are classified as a Class 2 misdemeanor with a fine up to $5,000. The act takes effect December 1, 2025.
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