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. This agreement not only gives the seller an interest in the property but also specifies the reasons that the seller can use to repossess the property.Repo's Allowed: After 20 day "Right to Cure" letter from lienholder to debtor, repossession allowed without committing a breach of peace. The documentation and forms required for titling a vehicle are based on the situation involving the vehicle, as described in the table below. In North Carolina, creditors have the legal right to repossess your vehicle if you fall behind on your loan payments. Your contract should say what could put you in default, but not making a payment on time is a typical example. Car Repossession information from the NC Department of Justice. Helpful suggestions for those behind on car payments or facing automobile repossession. A lienholder's petition to obtain possession of a motor vehicle involved in a crime would typically be filed in the county where the charges are pending. Finally, ensure that the form is notarized after completion. imageSign.
