North Carolina General Statutes 45-21.2. Article not applicable to foreclosure by court action
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Terms Used In North Carolina General Statutes 45-21.2
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
This Article does not affect any right to foreclosure by action in court, and is not applicable to any such action. (1949, c. 720, s. 1.)