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.