Mayfield was arrested at his home in the town of Catawba, according to the Catawba County Sheriff's Office. Deputies went to Mayfield's home with a search warrant after getting a tip that there were stolen goods in the house.
During the search, deputies said they found 1.5 grams of methamphetamine in a gun safe. Mayfield was charged with possession of methamphetamine.
Mayfield has denied the allegations and his lawyer, Daniel Marino, sent Channel 9 the following statement:
"Mr. Mayfield has no knowledge of either stolen property or methamphetamine being present on his property. Mr. Mayfield asks that the public reserve its judgment on this matter."
A "large amount" of stolen goods were recovered from Mayfield's property, according to the Lincoln County Sheriff's Office. Detectives said they recovered items that had been stolen from Lee Boy, Inc., which is located on Highway 16 north, and Larry Grant, Inc., a trucking company in Lincolnton.
The items recovered for Lee Boy, Inc., included heavy equipment parts, scrap metal, welders and welding accessories, the Sheriff's Office said. Investigators said the items recovered for Larry Grant, Inc., including truck parts, an engraving machine, truck mirrors and electric motor controllers.
WATCH: Sheriff: Stolen goods found on Mayfield's property
Channel 9 spoke to Keith Lee, from Lee Boy, Inc., and he said he got a call from investigators saying they had recovered items that were stolen from his company. "We had about four trucks, four trailers, went down and we were there for probably three hours loading stuff up," said Lee.
The items recovered are worth around $100,000, the Sheriff's Office said. They were found in a building and trailers on Mayfield's property and were returned to the owners, investigators said.
The Sheriff's Office said the investigation is continuing and charges are pending.
Mayfield appeared briefly in court on Wednesday morning for the drug charge. He left on a $3,000 bond.
• May 2, 2009: Mayfield was suspended indefinitely by NASCAR for violating NASCAR's substance abuse policy. (READ)
• June 9, 2009: Reports surfaced that Mayfield tested positive for methamphetamines during a random drug screening on May 1 at Richmond Motor Speedway.
• July 1, 2009: U.S. District Court Judge Graham Mullen granted a temporary injunction, lifting Mayfield's suspension from NASCAR. (READ)
• July 15, 2009: NASCAR stated that Mayfield had again tested positive for meth during testing on July 6, five days after his suspension was lifted.
• July 15, 2009: Mayfield's stepmother, Lisa Mayfield, stated that she had seen him use methamphetamine many times since 1998. Mayfield denied her claims. (READ)
• July 24, 2009: A federal appeals court reversed Mayfield's injunction and his suspension was reinstated. (PDF: Court Of Appeals Stay)
• July 26, 2009: Lisa Mayfield filed a lawsuit against Jeremy Mayfield for slander and sought unspecified monetary damages. (READ)
• May 18, 2010: A North Carolina state judge dismissed Mayfield's claims against NASCAR that it set him up and he was a chronic meth user. (READ)
• April 22, 2011: Five dogs owned by Mayfield attacked a female mail carrier who was carrying a package to the front porch. She received several scratches and bite marks on her legs.
• November 2, 2011: Mayfield was charged with possession of Meth in Catawba County.
Previous Stories: November 3, 2011: Mayfield denies any knowledge of stolen property or drugs in home February 9, 2011: Mayfield Apologizes For Statements About Stepmother May 19, 2010: Charlotte Judge Dismisses Mayfield's Suit Against NASCAR November 25, 2009: Former Mayfield Attorneys Sue To Recover Fees July 21, 2009: Mayfield Attorneys Ask Judge To Uphold Ruling July 17, 2009: Jeremy Mayfield's Lawyer: NASCAR Set Him Up July 16, 2009: Mayfield Tells Eyewitness News He Didn't Do Drugs July 16, 2009: Mayfield Fires Back At Stepmother, NASCAR July 15, 2009: Last Mayfield Employee Resigns July 10, 2009: Mayfield's Drug Test Still Being Analyzed July 10, 2009: Lawyer: Mayfield Not Being Evasive Regarding Drug Tests July 2, 2009: Judge Lifts Mayfield's Suspension From NASCAR June 10, 2009: Edwards Comments On Mayfield Test Results June 9, 2009: ESPN: Mayfield Tested Positive For Meth