North Carolina
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| 2010 |
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| Title State |
License and Registration information refer to: North Carolina Division of Motor Vehicles, Vehicles Registration, 1100 New Bern Avenue, Raleigh, North Carolina 27696. Tel.: (919) 733-3025. Fee for search of records: $4.00 for certificate of records. |
| Recording |
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. Uniform Commercial Code adopted June, 1967. |
| Recovery |
Peaceful repossession permitted. |
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| Redemption |
No right of redemption after foreclosure and sale. |
| Deficiency |
Judgment notes are invalid and deficiency is permitted only if debt is not for the purchase price. |
| Special Motor Vehicle Provisions |
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 first lienholder. |
| Documents Required to Transfer Ownership of Motor Vehicle |
Title in debtor's (or lienholder's) name, affidavit of repossession. PLATES: Remain with the owner. |
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