The body of North Carolina House Bill 797:
It was passed by the NC House in April 2025, had its second reading in the NC Senate in June 2025, and nothing indicates to me that the governor will block it or veto it or anything. Expect it to come into effect on the first of October 2025.
There’s a good summary of what you need to do now to be ready for the law change in just under a month here:
South Elm Capital, August 28, 2025: “What North Carolina’s HB 797 Means for Real Estate Investors — And How to Stay Ahead”