§ 87-15.5. Definitions.
Article1A.
Homeowners Recovery Fund.
§ 87‑15.5. Definitions.
The following definitionsapply in this Article:
(1) Applicant. Theowner or former owner of a single‑family residential dwelling unit whohas suffered a reimbursable loss and has filed an application for reimbursementfrom the Fund.
(2) Board. The StateLicensing Board for General Contractors.
(3) Dishonest conduct. Fraud or deceit in either of the following:
a. Obtaining a licenseunder Article 1 of Chapter 87 of the General Statutes.
b. The practice ofgeneral contracting by a general contractor.
(4) Fund. TheHomeowners Recovery Fund.
(5) General contractor. A person or other entity who meets any of the following descriptions:
a. Is licensed underArticle 1 of Chapter 87 of the General Statutes.
b. Fraudulentlyprocures any building permit by presenting the license certificate of a generalcontractor.
c. Fraudulentlyprocures any building permit by falsely impersonating a licensed generalcontractor.
(6) Reimbursable loss. A monetary loss that meets all of the following requirements:
a. Results fromdishonest or incompetent conduct by a general contractor in constructing oraltering a single‑family residential dwelling unit.
b. Is not paid, inwhole or in part, by or on behalf of the general contractor whose conductcaused the loss.
c. Is not covered by abond, a surety agreement, or an insurance contract.
(7) Single‑familyresidential dwelling unit. A separately owned residence for use of one ormore persons as a housekeeping unit with space for eating, living, andpermanent provisions for cooking and sanitation, whether or not attached toother such residences. (1991, c. 547, s. 1.)