Secured lending is defined as a loan or extension of credit in which the borrower pledges an asset as collateral for the loan. Common examples of secured debts in North Carolina include mortgages, car loans, and certain types of personal loans.North Carolina General Statutes Application and Audit Deadlines. Contact Us. How can we help? Any person engaged in the business of arranging loans to be repaid from anticipated tax refunds must register with the Commissioner of Banks. In general, there are two types of loans: secured loans, which require collateral, and unsecured loans, which don't. Share-Secured Loan​​ Get access to needed funds without depleting your savings. Funds in your Share Account are used as collateral for the loan. Asset based loans do not require you to pledge your assets as collateral. Learn more about the benefits of these loans and how they work.