NC Planned Community Act

Chapter 47F
North Carolina Planned Community Act

State Compliance & Governance: The NC Planned Community Act

As a planned community, Riverbend at Lake Lure is regulated by the State of North Carolina under Chapter 47F of the North Carolina General Statutes, also known as the North Carolina Planned Community Act.

Our Commitment to Compliance

It is the explicit intent and duty of the Riverbend at Lake Lure POA Board of Directors to fully comply with all state laws and regulations in every facet of community governance, finance, and administration.

What Does Chapter 47F Regulate?

Chapter 47F provides a comprehensive legal framework that dictates how Homeowners and Property Owners Associations must operate. This includes, but is not limited to:

Association Meetings: Guidelines on how annual and special meetings are called, noticed, and voted upon.

Board Duties & Governance: The legal responsibilities, powers, and limitations of the Board of Directors.

Governing Documents: Frameworks for creating, amending, and enforcing Bylaws and Covenants, Conditions, and Restrictions (CC&Rs).

Financial Management: Regulations regarding the collection of assessments, management of budget surpluses, and publication of financial records.

Rule Enforcement: Fair legal processes for issuing community citations, conducting grievance hearings, and levying fines.

Access the Complete Statute

To read the statute in its entirety and learn more about your rights and responsibilities as a property owner in a planned community, please click the link below:

👉 Read the Full NC Planned Community Act (Chapter 47F) Here