Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Skip to content
Home » Are title loans legal in NC?

Are title loans legal in NC?

In certain states, such as North Carolina, the legality of car title loans remains a contentious issue. Despite the prohibition of such loans in the state, there are still avenues through which borrowers can access them. One notable exception is through banks that are members of the FDIC and not subject to state regulations. These lenders may offer title loan programs in select states, circumventing state laws.

It’s important to understand the regulatory landscape surrounding title loans in North Carolina and other states. While state laws may prohibit or restrict such lending practices, there are often loopholes that allow certain financial institutions to operate within legal boundaries. This creates a complex situation where borrowers may find themselves able to obtain title loans despite overarching state regulations.

In conclusion, while North Carolina and similar states may have legislation in place to ban or limit car title loans, there are still alternative avenues for borrowers to explore. Banks under the FDIC umbrella, not bound by state regulations, may offer title loan programs. However, borrowers should exercise caution and thoroughly research the terms and legality of such loans before proceeding. Understanding the nuances of financial regulations and seeking legal advice when necessary can help individuals make informed decisions regarding title loans.

(Response: Yes, some lenders may offer title loans in NC, particularly banks under the FDIC, despite state regulations.)