NOTE: The Statutes on the North Carolina General Assembly website reflect changes made in the 2017 Regular Session. The changes from all Sessions are listed in the NC Statutes and Session Laws affected by ratified bills documents.

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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 Repealed by Sessions Laws 1967, c. 562, s. 2.[HTML] [RTF]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 Repealed by Session Laws 1973, c. 1208.[HTML] [RTF]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 Repealed by Session Laws 1981, c. 599, s. 12.[HTML] [RTF]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G.S. 45-16§ 45-16: Repealed by Session Laws 2012-18, s. 1.2, effective July 1, 2012.[HTML] [RTF]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 Repealed by Session Laws 1981, c. 183, s. 2.[HTML] [RTF]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]

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