It is unlawful and constitutes a Class 1 misdemeanor for a secured party who holds a certificate of title as provided in this Article to refuse or fail to surrender the certificate of title to the person legally entitled to it within 10 days after the security interest has been paid and satisfied.
N.C. Gen. Stat. § 75A-47
Surrender of certificate required when security interest paid
Known as the Vessel Titling Act
The act spans §§ 75–75 (18 sections).
1989, c. 739, s. 1; 1993, c. 539, s. 567; 1994, Ex
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.