Bill > H992

This bill introduces two main changes: a new process for timeshare foreclosure and modifications to paternity establishment procedures. For timeshare foreclosures, the bill creates a streamlined "timeshare trustee foreclosure" method that provides an alternative to traditional judicial foreclosure. This new process allows managing entities or lien holders to more efficiently collect unpaid assessments by filing a claim of lien, sending notices to owners, and potentially selling the timeshare at a public auction if the debt remains unpaid. Importantly, owners who do not object to this process will not be subject to deficiency judgments. For paternity matters, the bill makes technical changes to how paternity can be established, particularly for children born out of wedlock, including simplifying the process of acknowledging paternity and filing related documents. The bill specifies that these changes will take effect on December 1, 2025, and apply to claims and estates from that date forward, providing a clear transition period for implementation of the new procedures.

Budget and Finance, Government Affairs, Justice

https://www.ncleg.gov/BillLookUp/2025/H992