North Carolina Order Avoiding Nonpossessory, Nonpurchase-money Security Interest --Revised:09/2013) -PDF DOCX is a form that is used to protect a creditor in the event that a debtor fails to pay back a loan or other debt. It is a type of security interest that does not involve the possession of the debtor's property and does not involve a purchase-money transaction. This form can be used in North Carolina for certain types of debts that are secured by personal property, such as furniture, appliances, and vehicles. The creditor can use this form to secure the debt and protect their rights in the event that the debtor fails to pay back the debt. There are two types of North Carolina Order Avoiding Nonpossessory, Nonpurchase-money Security Interest --Revised:09/2013) -PDF DOCX: one for creditors and one for debtors. Both forms provide information about the debt, including the terms of repayment, the interest rate, and other details. The forms must be signed by both the creditor and the debtor in order for the security interest to be effective.