Do banks typically notify you when they plan on starting the repossession process of a car in NC?

Yes, in North Carolina, banks are required to provide notice to borrowers before starting the repossession process. The notice must be sent at least 10 days before the bank can take possession of the vehicle. The notice must include the following information:

- The date and time of the intended repossession

- The location of the vehicle

- The amount of the outstanding debt

- A statement of the borrower's rights, including the right to cure the default and the right to a hearing before the vehicle is sold

If the borrower does not cure the default within the 10-day period, the bank may proceed with repossession. The bank must then provide the borrower with a written notice of repossession within 5 days of taking possession of the vehicle. This notice must include information on how to redeem the vehicle and how to file a claim for damages if necessary.