North Carolina Repossession Laws

Title State:

All motor vehicles driven or moved upon the highways of the state are required to be titled. Mobile homes are titled. Boat titling is optional.

Recovery Requirements:

Self-help repossession is permitted as long as there is no breach of peace.

Deficiency Balance:

Judgment notes are invalid and deficiency is permitted only if the debt is not for the purchase price.

Redemption:

The state provides the debtor ten (10) days to redeem, redemption only allowed prior to foreclosure and sale.

Title Information:

Information regarding the repossession title process in this state can be obtained by contacting or writing: Department of Transportation, Division of Motor Vehicles, 1100 New Bern Avenue, Raleigh, North Carolina 27697, Phone (919) 733-3025, Fax (919) 733-6948. North Carolina offers a Fast Title Service.

Licensing Requirements:

None.

Plates:

Remain with the owner.

Security Interests:

Shown on the title. Title mailed to/held by Lienholder.

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