Car Title Loans in North Carolina2026 Guide
Car title loans are prohibited in North Carolina under statutory usury laws (N.C.G.S. § 24-1). Learn state consumer protections, banking regulations, and legal loan options in 2026.
Legal Status & Regulations
Governing Law
N.C. Gen. Stat. § 24-1
Last Reviewed: April 2026
Law Summary
High-cost car title lending is prohibited in North Carolina under N.C. Gen. Stat. § 24-1 et seq. and Small Loan Act restrictions overseen by the North Carolina Commissioner of Banks (NCCOB). State laws cap consumer interest rates and prohibit lenders from securing high-APR loans with personal motor vehicle titles.
Real Rate Example in North Carolina
A $1,500 loan in North Carolina at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Title Loans Union Editorial Team
Loan Regulations & Guides
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
NC Commissioner of Banks