The North Carolina Court of Appeals delivered a lump of coal to one homeowners association this winter. In McVicker vs. Bogue Sound Yacht Club, Inc., available here, which came out on December 20th, the Court of Appeals ruled that a homeowners association had exceeded its authority when it attempted to collect a construction bond from an owner, and again when it fined that same owner for failing to timely deposit the impermissible construction bond.   Read the article……………