Skip to content
ClosingCodeClosingCode
ENES

North Carolina · G.S. 47F-3-118 · 47C-3-118North Carolina HOA and condo statement of unpaid assessments: 10 business days, $200

In North Carolina a planned community or condominium association must, on written request from the owner or the owner's authorized agent, furnish a statement of unpaid assessments and other charges against the lot or unit within 10 business days (G.S. 47F-3-118(b); 47C-3-118(b)). The statement binds the association, the executive board and every owner. The fee may not exceed $200 per statement or request, plus up to $100 to expedite if the request is made within 48 hours of closing. A condo seller must also give the buyer, before conveyance, a statement of the monthly common expense assessment and other fees (47C-4-109).

The rules

  1. 10 business days

    The association furnishes the statement within 10 business days after receiving the owner's or authorized agent's written request.

  2. Binding

    The statement binds the association, the executive board and every lot or unit owner.

  3. Fees

    Up to $200 per statement or request, plus up to $100 expedite fee if the request is made within 48 hours of closing; collectible by the association, its managers or agents (47F-3-102(13a); 47C-3-102(12a)).

  4. Condo resale statement (47C-4-109)

    Unless a public offering statement is required or the sale is exempt, the condo seller furnishes before conveyance a statement of the monthly common expense assessment and any other fees payable by unit owners.

What the TC tracks

  • Seller's written authorization for the closing attorney to request the statement.
  • Request sent early enough to avoid the 48-hour expedite fee.
  • Statement amounts and fees matched on the settlement statement.
  • Condo: monthly assessment statement delivered to the buyer before closing.

Questions about North Carolina HOA statements

How long does a North Carolina HOA have to provide a payoff statement?

10 business days after receiving the written request (G.S. 47F-3-118(b); 47C-3-118(b) for condominiums).

How much can a North Carolina HOA charge for a statement of unpaid assessments?

Up to $200 per statement or request, plus up to $100 to expedite if requested within 48 hours of closing.

Is the North Carolina HOA statement binding?

Yes. It binds the association, the executive board and every owner.

What must a North Carolina condo seller give the buyer?

Before conveyance, a statement of the monthly common expense assessment and any other fees payable by unit owners (G.S. 47C-4-109).

Related guides

Set the HOA statement request and its 10-business-day date as tasks with owners and due dates in ClosingCode, ahead of the 48-hour expedite window.

Start free trial

Source: North Carolina General Statutes 47F-3-102, 47F-3-118, 47C-3-102, 47C-3-118 and 47C-4-109 (ncleg.gov, read October 24, 2026).

General information, not legal advice. ClosingCode is software; it is not a law firm or brokerage.