North Carolina § 45-21 - 15. Trustee's fees.
Full text of North Carolina North Carolina General Statutes § 45-21 — 15. Trustee's fees., with citation guidance and answers to common questions.
§ 45-21. 15. Trustee's fees.
When a sale has been held, the trustee is entitled to such compensation, if any, as is stipulated in the instrument. When no sale has actually been held, compensation for a trustee's services is determined as follows: If no compensation for the trustee's services in holding a sale is provided for in the instrument, the trustee is not entitled to any compensation; If compensation is specifically provided for the trustee's services when no sale is actually held, the trustee is entitled to such compensation; If the instrument provides for compensation for the trustee's services in actually holding a sale, but does not provide compensation for the trustee's services when no sale is actually held, the trustee is entitled to compensation as follows: (i) one-fourth of the completed sale compensation before the trustee files the notice of hearing; (ii) one-half after the filing of the notice of hearing; and (iii) three-fourths after the hearing. Repealed by Session Laws 1993, c. 305, s. 7. History (1949, c. 720, s. 1; 1993, c. 305, s. 7.) Legal Periodicals. - For comment, "Out of Luck: The Effect of the North Carolina Supreme Court's Decision in In re Lucks and its Impact on the Law of Foreclosures,” see 41 Campbell L. Rev. 253 (2019).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 45-21
What does North Carolina General Statutes § 45-21 cover?
Section 45-21 ("15. Trustee's fees.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 45-21?
A common citation format is "North Carolina General Statutes § 45-21" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 45-21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.