North Carolina Repo Laws - Repossession Laws
Repo Laws - Repossession Laws in North Carolina:
Where do I refer to for Title or License Registration?
For state Title and License Information, refer to:
North Carolina Division of Motor Vehicles
1100 New Bern Avenue
Raleigh, North Carolina 27696
Telephone: (919) 733-3025
Fee for search of records is $4.00
for certificate of records.
Shown on title held by lienholder.
Uniform Commercial Code (UCC)
adopted in June, 1967: Filed with
the clerk of the Superior Court in
the county where mortgagor or buyer
resides; if a non-resident, recorded
where the property is located. Liens
on motor vehicles must be recorded
on certificate of title.
As per the UCC, repossession is
allowed and permitted as long as it
No right of redemption after
foreclosure and sale.
Judgment notes are invalid and
deficiency is permitted only if debt
is not for the purchase price.
Certificate of lien is sent to
Department of Motor Vehicles.
Effective against third parties and
need not be otherwise recorded --
liens recorded on title and sent to
Title in debtor's (or lienholder's) name, affidavit of repossession.
Documents Required for Liquidation:
Title and Repossession Affidavit, Out of State Repossession titles and affidavits are accepted.
Remain with the owner / debtor.
All recovery requirements and fees are current as of 2002.
Repo-Laws.com does not warrant the accuracy of these Repo Laws - Repossession Laws or recovery requirements. The Repo Laws - Repossession Laws or recovery requirements listed on Repo-Laws.com are only a starting point for reference, and are not meant to be legal advice or a replacement for legal console. Please consult a repo company in your area, county, or state if you have any questions about repossession there.