North Carolina General Statutes 45-36.12. Limitation of secured creditor’s liability
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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. (2005-123, s. 1.)