2014 North Carolina General Statutes
Chapter 87 - Contractors.
Article 1A - Homeowners Recovery Fund.
§ 87-15.9 - 9. Subrogation for reimbursement made.
87-15.9. Subrogation for reimbursement made.
The Board is subrogated to an applicant who is reimbursed from the Fund in the amount reimbursed and may bring an action against the general contractor whose conduct caused the reimbursable loss, the general contractor's assets, or the general contractor's estate. The Board may enforce any claims it may have for restitution or otherwise, and may employ and compensate consultants, agents, legal counsel, and others it finds necessary and appropriate to carry out its authority under this section. (1991, c. 547, s. 1.)
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