Car Repossession information from the NC Department of Justice. Helpful suggestions for those behind on car payments or facing automobile repossession.This page will provide an overview of North Carolina's Repossession Laws and what you should know if you've fallen behind on car payments. In North Carolina, creditors have the legal right to repossess your vehicle if you fall behind on your loan payments. The Drug Enforcement Administration (DEA) uses forfeiture to attack the financial structure of drug trafficking and money laundering groups worldwide. An official website of the US General Services Administration. Looking for US government information and services? A reverse repurchase agreement is the purchase of securities with the agreement to sell them at a higher price at a specific future date. At least in California, it is illegal for anybody to tow you while you are inside, possibly touching the vehicle having control of it. Must be owned, leased or purchased with an auto loan.