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.)
Limitation of secured creditor's liability
N.C. Gen. Stat. § 45-36.12
N.C. Gen. Stat. § 45-36.12