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North Carolina General Statutes
Chapter 45: Mortgages and Deeds of Trust.

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Article 1 - Chattel Securities. [HTML] [RTF]
G.S. 45-1 through 45-3.1 45-1 through 45-3.1. Repealed by Sessions Laws 1967, c. 562, s. 2.[HTML] [RTF]
Article 2 - Right to Foreclose or Sell under Power. [HTML] [RTF]
G.S. 45-4 45-4. Representative succeeds on death of mortgagee or trustee in deeds of trust; parties to action.[HTML] [RTF]
G.S. 45-5 45-5. Foreclosures by representatives validated.[HTML] [RTF]
G.S. 45-6 45-6. Renunciation by representative; clerk appoints trustee.[HTML] [RTF]
G.S. 45-7 45-7. Agent to sell under power may be appointed by parol.[HTML] [RTF]
G.S. 45-8 45-8. Survivorship among donees of power of sale.[HTML] [RTF]
G.S. 45-9 45-9. Clerk appoints successor to incompetent trustee.[HTML] [RTF]
G.S. 45-10 45-10. Substitution of trustees in mortgages and deeds of trust.[HTML] [RTF]
G.S. 45-11 45-11. Appointment of substitute trustee upon application of subsequent or prior lienholders; effect of substitution.[HTML] [RTF]
G.S. 45-12 45-12. Repealed by Session Laws 1973, c. 1208.[HTML] [RTF]
G.S. 45-13 45-13. Repealed by Session Laws 1981, c. 599, s. 12.[HTML] [RTF]
G.S. 45-14 45-14. Acts of trustee prior to removal not invalidated.[HTML] [RTF]
G.S. 45-15 45-15. Registration of substitution constructive notice.[HTML] [RTF]
G.S. 45-16 45-16: Repealed by Session Laws 2012-18, s. 1.2, effective July 1, 2012.[HTML] [RTF]
G.S. 45-17 45-17. Substitution made as often as justifiable.[HTML] [RTF]
G.S. 45-18 45-18. Validation of certain acts of substituted trustees.[HTML] [RTF]
G.S. 45-19 45-19. Mortgage to guardian; powers pass to succeeding guardian.[HTML] [RTF]
G.S. 45-20 45-20. Sales by mortgagees and trustees confirmed.[HTML] [RTF]
G.S. 45-20.1 45-20.1. Validation of trustees' deeds where seals omitted.[HTML] [RTF]
G.S. 45-20.2 45-20.2. Repealed by Session Laws 1981, c. 183, s. 2.[HTML] [RTF]
G.S. 45-20.3 45-20.3. Validation of deeds where seal omitted on power of attorney.[HTML] [RTF]
G.S. 45-21 45-21. Validation of appointment of and conveyances to corporations as trustees.[HTML] [RTF]
G.S. 45-21.01 45-21.01. Foreclosure of deeds of trust and mortgages on property affected by boundary certification.[HTML] [RTF]
Article 2A - Sales under Power of Sale. [HTML] [RTF]
G.S. 45-21.1 45-21.1. Definitions; construction.[HTML] [RTF]
G.S. 45-21.2 45-21.2. Article not applicable to foreclosure by court action.[HTML] [RTF]
G.S. 45-21.3 45-21.3. Repealed by Session Laws 1993, c. 305, s. 2.[HTML] [RTF]
G.S. 45-21.4 45-21.4. Place of sale of real property.[HTML] [RTF]
G.S. 45-21.5 through 45-21.6 45-21.5 through 45-21.6. Repealed by Session Laws 1967, c. 562, s. 2.[HTML] [RTF]
G.S. 45-21.7 45-21.7. Sale of separate tracts in different counties.[HTML] [RTF]
G.S. 45-21.8 45-21.8. Sale as a whole or in parts.[HTML] [RTF]
G.S. 45-21.9 45-21.9. Amount to be sold when property sold in parts; sale of remainder if necessary.[HTML] [RTF]
G.S. 45-21.9A 45-21.9A. Simultaneous foreclosure of two or more instruments.[HTML] [RTF]
G.S. 45-21.10 45-21.10. Requirement of cash deposit at sale.[HTML] [RTF]
G.S. 45-21.11 45-21.11. Application of statute of limitations to serial notes.[HTML] [RTF]
G.S. 45-21.12 45-21.12. Power of sale barred when foreclosure barred.[HTML] [RTF]
G.S. 45-21.12A 45-21.12A. Power of sale barred during periods of military service.[HTML] [RTF]
G.S. 45-21.13 45-21.13. Repealed by Session Laws 1967, c. 562, s. 2.[HTML] [RTF]
G.S. 45-21.14 45-21.14. Clerk's authority to compel report or accounting; contempt proceeding.[HTML] [RTF]
G.S. 45-21.15 45-21.15. Trustee's fees.[HTML] [RTF]
G.S. 45-21.16 45-21.16. Notice and hearing.[HTML] [RTF]
G.S. 45-21.16A 45-21.16A. Contents of notice of sale.[HTML] [RTF]
G.S. 45-21.16B 45-21.16B: Repealed by Session Laws 2013-412, s. 7, effective August 23, 2013.[HTML] [RTF]
G.S. 45-21.16C 45-21.16C. Opportunity for parties to resolve foreclosure of owner-occupied residential property.[HTML] [RTF]
G.S. 45-21.17 45-21.17. Posting and publishing notice of sale of real property.[HTML] [RTF]
G.S. 45-21.17A 45-21.17A. Requests for copies of notice.[HTML] [RTF]
G.S. 45-21.18 through 45-21.19 45-21.18 through 45-21.19. Repealed by Session Laws 1967, c. 562, s. 2.[HTML] [RTF]
G.S. 45-21.20 45-21.20. Satisfaction of debt after publishing or posting notice, but before completion of sale.[HTML] [RTF]
G.S. 45-21.21 45-21.21. Postponement of sale.[HTML] [RTF]
G.S. 45-21.22 45-21.22. Procedure upon dissolution of order restraining or enjoining sale, or upon debtor's bankruptcy before completion of sale.[HTML] [RTF]
G.S. 45-21.23 45-21.23. Time of sale.[HTML] [RTF]
G.S. 45-21.24 45-21.24. Continuance of uncompleted sale.[HTML] [RTF]
G.S. 45-21.25 45-21.25. Repealed by Session Laws 1967, c. 562, s. 2.[HTML] [RTF]
G.S. 45-21.26 45-21.26. Preliminary report of sale of real property.[HTML] [RTF]
G.S. 45-21.27 45-21.27. Upset bid on real property; compliance bonds.[HTML] [RTF]
G.S. 45-21.28 45-21.28: Repealed by Session Laws 1993, c. 305, s. 17.[HTML] [RTF]
G.S. 45-21.29 45-21.29. Orders for possession.[HTML] [RTF]
G.S. 45-21.29A 45-21.29A. No necessity for confirmation of sale.[HTML] [RTF]
G.S. 45-21.30 45-21.30. Failure of bidder to make cash deposit or to comply with bid; resale.[HTML] [RTF]
G.S. 45-21.31 45-21.31. Disposition of proceeds of sale; payment of surplus to clerk.[HTML] [RTF]
G.S. 45-21.32 45-21.32. Special proceeding to determine ownership of surplus.[HTML] [RTF]
G.S. 45-21.33 45-21.33. Final report of sale of real property.[HTML] [RTF]
G.S. 45-21.33A 45-21.33A. Effect of foreclosure on preexisting tenancy.[HTML] [RTF]
Article 2B - Injunctions; Deficiency Judgments. [HTML] [RTF]
G.S. 45-21.34 45-21.34. Enjoining mortgage sales on equitable grounds.[HTML] [RTF]
G.S. 45-21.35 45-21.35. Ordering resales; receivers for property; tax payments.[HTML] [RTF]
G.S. 45-21.36 45-21.36. Right of mortgagor to prove in deficiency suits reasonable value of property by way of defense.[HTML] [RTF]
G.S. 45-21.37 45-21.37. Certain sections not applicable to tax suits.[HTML] [RTF]
G.S. 45-21.38 45-21.38. Deficiency judgments abolished where mortgage represents part of purchase price.[HTML] [RTF]
G.S. 45-21.38A 45-21.38A. Deficiency judgments abolished where mortgage secured by primary residence.[HTML] [RTF]
G.S. 45-21.38B 45-21.38B: Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-21.38C 45-21.38C. Severability.[HTML] [RTF]
Article 2C - Validating Sections; Limitation of Time for Attacking Certain Foreclosures. [HTML] [RTF]
G.S. 45-21.39 45-21.39. Limitation of time for attacking certain foreclosures on ground trustee was agent, etc., of owner of debt.[HTML] [RTF]
G.S. 45-21.40 45-21.40. Real property; validation of deeds made after expiration of statute of limitations where sales made prior thereto.[HTML] [RTF]
G.S. 45-21.41 45-21.41. Orders signed on days other than first and third Mondays validated; force and effect of deeds.[HTML] [RTF]
G.S. 45-21.42 45-21.42. Validation of deeds where no order or record of confirmation can be found.[HTML] [RTF]
G.S. 45-21.43 45-21.43. Validation of certain foreclosure sales.[HTML] [RTF]
G.S. 45-21.44 45-21.44. Validation of foreclosure sales when provisions of G.S. 45-21.17(2) not complied with.[HTML] [RTF]
G.S. 45-21.45 45-21.45. Validation of foreclosure sales where notice and hearing not provided.[HTML] [RTF]
G.S. 45-21.46 45-21.46. Validation of foreclosure sales where posting and publication not complied with.[HTML] [RTF]
G.S. 45-21.47 45-21.47. Validation of foreclosure sales when trustee is officer of owner of debt.[HTML] [RTF]
G.S. 45-21.48 45-21.48. Validation of certain foreclosure sales that did not comply with posting requirement.[HTML] [RTF]
G.S. 45-21.49 45-21.49. Validation of foreclosure sales when provisions of 45-21.16A(3) not complied with.[HTML] [RTF]
Article 3 - Mortgage Sales. [HTML] [RTF]
G.S. 45-22 45-22: Transferred to G.S. 45-21.39 by Session Laws 1949, c. 720, s. 4.[HTML] [RTF]
G.S. 45-23 through 45-26 45-23 through 45-26. Repealed by Session Laws 1949, c. 720, s. 5.[HTML] [RTF]
G.S. 45-26.1 45-26.1. Transferred to G.S. 45-21.40 by Session Laws 1949, c. 720, s. 4.[HTML] [RTF]
G.S. 45-27 through 45-30 45-27 through 45-30. Repealed by Session Laws 1949, c. 720, s. 5.[HTML] [RTF]
G.S. 45-31 45-31. Transferred to G.S. 45-21.41 by Session Laws 1949, c. 720, s. 4.[HTML] [RTF]
G.S. 45-32 through 45-36 45-32 through 45-36. Transferred to G.S. 45-21.34 to 45-21.38 by Session Laws 1949, c. 720, s. 3.[HTML] [RTF]
G.S. 45-36.1 45-36.1. Transferred to G.S. 45-21.42 by Session Laws 1949, c. 720, s. 4.[HTML] [RTF]
Article 4 - Discharge and Release. [HTML] [RTF]
G.S. 45-36.2 45-36.2. Obligation of good faith.[HTML] [RTF]
G.S. 45-36.3 45-36.3. Notification by mortgagee of satisfaction of provisions of deed of trust or mortgage, or other instrument; civil penalty.[HTML] [RTF]
G.S. 45-36.4 45-36.4. Definitions.[HTML] [RTF]
G.S. 45-36.5 45-36.5. Notification: manner of giving and effective date.[HTML] [RTF]
G.S. 45-36.6 45-36.6. Document of rescission: effect; liability for wrongful recording.[HTML] [RTF]
G.S. 45-36.7 45-36.7. Payoff and short-pay statements; request and content.[HTML] [RTF]
G.S. 45-36.7A 45-36.7A. Credit suspension directives.[HTML] [RTF]
G.S. 45-36.8 45-36.8. Understated payoff statement or short-pay statement: correction; effect.[HTML] [RTF]
G.S. 45-36.9 45-36.9. Secured creditor to submit satisfaction or release for recording; liability for failure.[HTML] [RTF]
G.S. 45-36.10 45-36.10. Content and effect of satisfaction.[HTML] [RTF]
G.S. 45-36.11 45-36.11. Satisfaction: form.[HTML] [RTF]
G.S. 45-36.12 45-36.12. Limitation of secured creditor's liability.[HTML] [RTF]
G.S. 45-36.13 45-36.13. Eligibility to serve as satisfaction agent.[HTML] [RTF]
G.S. 45-36.14 45-36.14. Affidavit of satisfaction: notification to secured creditor.[HTML] [RTF]
G.S. 45-36.15 45-36.15. Affidavit of satisfaction: authorization to submit for recording.[HTML] [RTF]
G.S. 45-36.16 45-36.16. Affidavit of satisfaction: content.[HTML] [RTF]
G.S. 45-36.17 45-36.17. Affidavit of satisfaction: form.[HTML] [RTF]
G.S. 45-36.18 45-36.18. Affidavit of satisfaction: effect.[HTML] [RTF]
G.S. 45-36.19 45-36.19. Liability of satisfaction agent.[HTML] [RTF]
G.S. 45-36.20 45-36.20. Trustee's satisfaction of deed of trust: content and effect.[HTML] [RTF]
G.S. 45-36.21 45-36.21. Trustee's satisfaction of deed of trust: form.[HTML] [RTF]
G.S. 45-36.22 45-36.22. Partial release: content and effect; form.[HTML] [RTF]
G.S. 45-36.23 45-36.23. Obligation release: content and effect.[HTML] [RTF]
G.S. 45-36.24 45-36.24. Expiration of lien of security instrument.[HTML] [RTF]
G.S. 45-37 45-37. Satisfaction of record of security instruments.[HTML] [RTF]
G.S. 45-37.1 45-37.1. Validation of certain entries of cancellation made by beneficiary or assignee instead of trustee.[HTML] [RTF]
G.S. 45-37.2 45-37.2. Indexing satisfactions and other documents relating to security instruments.[HTML] [RTF]
G.S. 45-38 45-38. Recording of foreclosure.[HTML] [RTF]
G.S. 45-39 45-39: Repealed by Session Laws 1949, c. 720, s. 5.[HTML] [RTF]
G.S. 45-40 45-40: Repealed by Session Laws 2005-123, s. 1, effective October 1, 2005.[HTML] [RTF]
G.S. 45-41 45-41. Recorded deed of release of mortgagee's representative.[HTML] [RTF]
G.S. 45-42 45-42. Satisfaction of corporate mortgages by corporate officers.[HTML] [RTF]
G.S. 45-42.1 45-42.1. Corporate cancellation of lost mortgages by register of deeds.[HTML] [RTF]
G.S. 45-42.2 45-42.2: Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-42.3 45-42.3. Automatic release of real property from ancillary security instruments.[HTML] [RTF]
Article 5 - Miscellaneous Provisions. [HTML] [RTF]
G.S. 45-43 45-43. Real estate mortgage loans; commissions.[HTML] [RTF]
G.S. 45-43.1 through 45-43.5 45-43.1 through 45-43.5. Repealed by Session Laws 1971, c. 1229, s. 1.[HTML] [RTF]
G.S. 45-44 45-44. Mortgages held by insurance companies, banks, building and loan associations, or other lending institutions.[HTML] [RTF]
G.S. 45-45 45-45. Spouse of mortgagor included among those having right to redeem real property.[HTML] [RTF]
G.S. 45-45.1 45-45.1. Release of mortgagor by dealings between mortgagee and assuming grantee.[HTML] [RTF]
G.S. 45-45.2 45-45.2. Transfer taxes not applicable.[HTML] [RTF]
G.S. 45-45.3 45-45.3. Trustee in a deed of trust.[HTML] [RTF]
Article 6 - Uniform Trust Receipts Act. [HTML] [RTF]
G.S. 45-46 through 45-66 45-46 through 45-66: Repealed by Session Laws 1965, c. 700, s. 2.[HTML] [RTF]
Article 7 - Instruments to Secure Future Advances and Future Obligations. [HTML] [RTF]
G.S. 45-67 45-67. Definitions.[HTML] [RTF]
G.S. 45-68 45-68. Requirements.[HTML] [RTF]
G.S. 45-69 45-69. Fluctuation of obligations within maximum amount.[HTML] [RTF]
G.S. 45-70 45-70. Priority of security instrument.[HTML] [RTF]
G.S. 45-71 45-71. Satisfaction of the security instrument.[HTML] [RTF]
G.S. 45-72 45-72. Termination of future optional advances.[HTML] [RTF]
G.S. 45-73 45-73. Cancellation of record; presentation of notes described in security instrument sufficient.[HTML] [RTF]
G.S. 45-74 45-74. Article not exclusive.[HTML] [RTF]
G.S. 45-75 through 45-79 45-75 through 45-79. Reserved for future codification purposes.[HTML] [RTF]
Article 8 - Instruments to Secure Certain Home Loans. [HTML] [RTF]
G.S. 45-80 45-80. Priority of security instruments securing certain home loans.[HTML] [RTF]
Article 9 - Instruments to Secure Equity Lines of Credit. [HTML] [RTF]
G.S. 45-81 45-81. Definitions.[HTML] [RTF]
G.S. 45-82 45-82. Priority of equity line security instrument.[HTML] [RTF]
G.S. 45-82.1 45-82.1. Extension of period for advances.[HTML] [RTF]
G.S. 45-82.2 45-82.2. Request to terminate an equity line of credit.[HTML] [RTF]
G.S. 45-82.3 45-82.3. Notice regarding future advances.[HTML] [RTF]
G.S. 45-82.4 45-82.4. Prepayment penalty.[HTML] [RTF]
G.S. 45-83 45-83. Future advances statute shall not apply.[HTML] [RTF]
G.S. 45-84 45-84. Article not exclusive.[HTML] [RTF]
G.S. 45-85 45-85. Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-86 45-86. Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-87 45-87. Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-88 45-88. Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-89 45-89. Reserved for future codification purposes.[HTML] [RTF]
Article 10 - Mortgage Debt Collection and Servicing. [HTML] [RTF]
G.S. 45-90 45-90. Definitions.[HTML] [RTF]
G.S. 45-91 45-91. Assessment of fees; processing of payments; publication of statements.[HTML] [RTF]
G.S. 45-92 45-92. Obligation of servicer to handle escrow funds.[HTML] [RTF]
G.S. 45-93 45-93. Borrower requests for information.[HTML] [RTF]
G.S. 45-94 45-94. Remedies.[HTML] [RTF]
G.S. 45-95 45-95. Severability.[HTML] [RTF]
G.S. 45-96 45-96: Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-97 45-97: Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-98 45-98: Reserved for future codification purposes.[HTML] [RTF]
G.S. 45-99 45-99: Reserved for future codification purposes.[HTML] [RTF]
Article 11 - Emergency Program to Reduce Home Foreclosures. [HTML] [RTF]
G.S. 45-100 45-100. Title.[HTML] [RTF]
G.S. 45-101 45-101. Definitions.[HTML] [RTF]
G.S. 45-102 45-102. Pre-foreclosure notice for home loans.[HTML] [RTF]
G.S. 45-103 45-103. Pre-foreclosure information to be filed with the Administrative Office of the Courts for home loans.[HTML] [RTF]
G.S. 45-104 45-104. State Home Foreclosure Prevention Project and Fund.[HTML] [RTF]
G.S. 45-105 45-105. Extension of foreclosure process.[HTML] [RTF]
G.S. 45-106 45-106. Use and privacy of records.[HTML] [RTF]
G.S. 45-107 45-107. Foreclosure filing.[HTML] [RTF]