North Carolina § 45-21.20 Satisfaction of debt after publishing or posting notice, but before completion of sale

North Carolina Statutes

§ 45-21.20 — Satisfaction of debt after publishing or posting notice, but before completion of sale

North Carolina § 45-21.20

Ch. 45Mortgages and Deeds of Trust

Art. 2ASales Under Power of Sale

This text of North Carolina § 45-21.20 (Satisfaction of debt after publishing or posting notice, but before completion of sale) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 45-21.20 (2026).

Text

A power of sale is terminated if, prior to the time fixed for a sale, or prior to the expiration of the time for submitting any upset bid after a sale or resale has been held, payment is made or tendered of -

(1)The obligation secured by the mortgage or deed of trust, and

(2)The expenses incurred with respect to the sale or proposed sale, which in the case of a deed of trust also include compensation for the trustee's services under the conditions set forth in G.S. 45-21.15. (1949, c. 720, s. 1; 1967, c. 562, s. 2.)

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A power of sale is terminated if, prior to the time fixed for a sale, or prior to the expiration of the time for submitting any upset bid after a sale or resale has been held, payment is made or tendered of -
(1) The obligation secured by the mortgage or deed of trust, and
(2) The expenses incurred with respect to the sale or proposed sale, which in the case of a deed of trust also include compensation for the trustee's services under the conditions set forth in G.S. 45-21.15. (1949, c. 720, s. 1; 1967, c. 562, s. 2.)