{"data":{"id":"us-nc/n.c.-gen.-stat.-45-36.8","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 45-36.8","heading":"Understated payoff statement or short-pay statement: correction; effect.","body":"(a)\tIf a secured creditor determines that the payoff amount it provided in a payoff statement or the short-pay amount it provided in a short-pay statement was understated, the creditor may send a corrected payoff or short-pay statement. If the entitled person or the person's authorized agent receives and has a reasonable opportunity to act upon a corrected payoff statement or short-pay statement before making payment, the corrected statement supersedes an earlier statement.\n(b)\tA secured creditor that sends a payoff statement containing an understated payoff amount or a short-pay statement containing an understated short-pay amount may not deny the accuracy of the payoff amount or short-pay amount as against any person that reasonably and detrimentally relies upon the understated payoff amount or short-pay amount.\n(c)\tThis Article does not:\n(1)\tAffect the right of a secured creditor to recover any sum that it did not include in a payoff amount or a short-pay amount from any person liable for payment of the secured obligation; or\n(2)\tLimit any claim or defense that a person liable for payment of a secured obligation may have under law other than this Article. (2005-123, s. 1; 2011-312, s. 7.)","path":["Chapter 45. Mortgages and Deeds of Trust.","Article 4. Satisfaction."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_45/GS_45-36.8.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:02:57Z","sha256":"375fdccbc5df5454360e56b702e1efd19e27904d8fe5729d6c0c142806e48c07","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-45-36.7a","next":"us-nc/n.c.-gen.-stat.-45-36.9"},"notice":"GroundRules: Original legal text. Not legal advice."}