H203

North Carolina H203 regulates home service agreements to protect consumers.

North Carolina H203 establishes consumer protections for home service agreements. These agreements must list covered items, describe exclusions, and inform consumers of their right to cancel. Home service agreement companies must maintain accessible vendor lists, complete repairs within five days, and offer refunds for cancellations. The bill also differentiates between home and vehicle service agreements, detailing specific requirements for each. An appropriation of $50,000 is made to the Department of Justice to enforce these provisions. The act becomes effective October 1, 2025.