N.C. Gen. Stat. § 45-36.12 : — MORTGAGES AND DEEDS OF TRUSTSATISFACTION —36.12 - Limitation of secured creditor's liability

A secured creditor is not liable under this Article if it:

(1) Established a reasonable procedure to achieve compliance with its obligations under this Article;
(2) Complied with that procedure in good faith; and
(3) Was unable to comply with its obligations because of circumstances beyond its control.

N.C. Gen. Stat. § 45-36.12

Added by 2005 N.C. Sess. Laws 123, s. 1, eff. 10/1/2005.
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