NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 57

HOUSE BILL 145

 

 

AN ACT TO AMEND G.S. 45-21.4 TO ESTABLISH A UNIFORM LOCATION FOR THE HOLDING OF FORECLOSURE SALES.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 45-21.4(d) is hereby rewritten to read as follows:

"When a mortgage or deed of trust with power of sale of real property confers upon the mortgagee or trustee the right to designate the place of sale, the sale shall be held at the place designated by the notice of sale, which place shall be either on the premises to be sold or as follows:

(1)        Property situated wholly within a single county shall be sold at the courthouse door of the county in which the land is situated.

(2)        A single tract of property situated in two or more counties may be sold at the courthouse door of any one of the counties in which some part of the real property is situated."

Sec. 2.  This act shall become effective on and after October 1, 1975 and shall apply to foreclosure sales where the advertising is commenced after October 1, 1975.

In the General Assembly read three times and ratified, this the 17th day of March, 1975.