Quick Answers:

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

North Carolina Division of Motor Vehicles

Vehicles Registration

1100 New Bern Avenue

Raleigh, North Carolina 27696

Telephone: (919) 733-3025

Fee for search of records is $4.00 for certificate of records.

Security Interests:

Shown on title held by lienholder.

Recording Requirements:

Per the 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.

Recovery Requirements:

As per the UCC, repossession is allowed and permitted as long as it is peaceful.

Redemption Requirements:

No right of redemption after foreclosure and sale.

Deficiency Requirements:

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.

Documents Required for Liquidation:

Title and Repossession Affidavit, Out of State Repossession titles and affidavits are accepted.

Plates:

Remain with the owner / debtor.

QuickRepo.com does not warrant the accuracy of these laws. The laws listed on QuickRepo.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 service there. All recovery requirements and fees are current as of 2002.

View repo laws at RepoLaws.info and repossession laws at RepossessionLaws.info