Repo Laws Per State

Nickname: The Yellowhammer State

Capital City: Montgomery

State Population: 4,802,740 (est 2011)

Social Security Prefix: 416 – 424

Borders: North – Tennessee, West – Mississippi, East – Georgia and South – Florida

Title State: Yes, 1975 and subsequent years

Security Interest: Shown on title held by lienholder.

DMV: www.dmv.org/al-alabama/

Repossession Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repossession Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral through providing full payment of the monies owed and all reasonable expenses incurred by the creditor.

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: MVT-15-1 (Repossession Affidavit) and original released title

Plates: Remain with debtor

Nickname: The Last Frontier

Capital City: Juneau

State Population: 722,718 (est 2011)

Social Security Prefix: 574

Borders: Country of Canada (East)

Title State: Yes

Security Interest: Shown on title held by lienholder.

DMV: http://doa.alaska.gov/dmv/

Repossession Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repossession Licensing Requirements: N/A

Redemption Requirements: Within 10 days after retaking. If customer had paid 50% of purchase price or $500.00, a public sale is required. If less than 50% or $500.00, private sale is permitted

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (UCC Section 49.9.504(c).)

Liquidation Documents: Repossession affidavit, certified copy of contract, bill of sale

Plates: Remain with vehicle

Nickname: The Grand Canyon State

Capital City: Phoenix

State Population: 6,482,505 (2011 est)

Social Security Prefix: 526-527, 600-601, 764-765

Borders: West-California, North-Nevada, Utah & Colorado, East-New Mexico, South – Country of Mexico

Title State: Yes

Security Interest: Shown on title, title mailed to debtor, lien-holder record mailed to lienholder.

DMV: http://www.azdot.gov/mvd/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor

Notice of Intent: Unless the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, reasonable notification of the time and place of any public sale or reasonable notification of the time after which any private sale or other intended disposition is to be made shall be sent by the secured party to the debtor, if he has not signed after default a statement renouncing or modifying his right to notification of sale.

Liquidation Documents: Arizona Lien-holder record or out-of-state title, AZ MVD “Affidavit of Repossession/Bill of Sale” form and vehicle inspection if vehicle not previously registered in Arizona.

Plates: Remain with the debtor

Nickname: The Natural State

Capital City: Little Rock

State Population: 2,937,979 (2011 est)

Social Security Prefix: 429-432 and 676-679

Borders: West – Texas and Oklahoma, North – Missouri, East – Tennessee and Mississippi, South – Louisiana

Title State: Yes, except boats

Security Interest: Shown on title held by lienholder.

DMV: http://www.dfa.arkansas.gov/offices/motorVehicle/Pages/default.aspx

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Debtor can redeem ten days after retaking or after judgment in replevin. The debtor has a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Certified copy of contract, title, repossession affidavit and application for title by the secured party.

Plates: Remain with the debtor

Nickname:
The Golden State

Capital City:
Sacramento

State Population:
36.9 Million
(Per 2009 Census)

Social Security Prefix:
545 thru 573
602 thru 626

Border States:
Oregon (North)
Nevada (East)
Arizona (East)
Country of Mexico (South)

Title State:
Yes

Security Interests:
Shown on the title held by lienholder.

Department of Motor Vehicles:
www.dmv.ca.gov

Repossession Allowed:
Allowed per the UCC without a breach of the peace.

Repossession Licensing Requirements:
Yes, can be confirmed at www.bsis.ca.gov

Redemption Requirements:
Debtor has 10 days to redeem and can ask for an additional 15 days in writing.

Notice of Intent Requirements:
Debtor must be notified at least fifteen (15) days prior of intent to sale per California’s Rees-Levering Automobile Sales and Finance Act.

Items Required for Liquidation:
Title or Lien Satisfied, Affidavit of Repossession and Bill of Sale

License Plates:
Most remain with the vehicle. However, “personalized” plates are the property of the debtor.

Nickname: The Centennial State

Capital City: Denver

State Population: 5,116,796 (2011 est)

Social Security Prefix: 521-524 and 650-653

Borders: West – Utah, North – Wyoming and Nebraska, East – Kansas, South – Oklahoma and New Mexico

Title State: Yes, except boats

Security Interest: Shown on title held by the lienholder

DMV: http://www.colorado.gov/revenue/dmv

Repo’s Allowed: Peaceful repossession allowable; However, a secured party or such party’s assignee who wishes to recover or take possession of collateral upon default, including a motor vehicle repossessed pursuant to section 42-6-146, C.R.S., must contract to recover or take possession of collateral only with a person who is bonded for property damage to or conversion of such collateral in the amount of $50,000.00. Failure to comply with this requirement may render the secured party liable for damages, as a principal, even if the relationship between the secured party and the repossessor is that of an independent contractor. (C.R.S. 4-9-503(2), (3).)

Repo Licensing Requirements: Must file a surety bond with Colorado Attorney General.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (C.R.S. 4-9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (C.R.S. 4-9-504(3).)

Liquidation Documents: Repossession title is issued to lien-holder only. Title and DR412 (Repossession Affidavit) and Application for New Title. Lien-holder may sell vehicle without first applying for new title.

Plates: Remain with the debtor

Nickname: The Constitution State

Capital City: Hartford

State Population: 3,580,709 (2011 est)

Social Security Prefix: 040-049

Borders: (West) New York, (North) Massachusetts, (East) Rhode Island

Title State: Yes, most vehicles manufactured after 1970 and trailers over 3,000 gvw. Not boats or mobile homes

Security Interest: Shown on title held by lienholder

DMV: http://ct.gov/dmv/site/default.asp

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace. Police Department must be notified upon taking possession.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Section 42a-9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Affidavit of Repossession, Certificate of Title, Q-1 form to transfer.

Plates: Remain with the debtor

Nickname: The First State

Capital City: Dover

State Population: 907,135 (2011 est)

Social Security Prefix: 221-222

Borders: South and West Maryland, North – Pennsylvania, East – New Jersey

Title State: Yes, all motor vehicles. Not boats or mobile homes.

Security Interest: Shown on title held by the lienholder.

DMV: http://www.dmv.de.gov/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Debtor can redeem within 15 days after taking by payment of total balance due plus repossession fees.

Notice of Intent: N/A

Liquidation Documents: Title. Repossession Affidavit (MV-195), copy of contract

Plates: Remain with the vehicle

Nickname: Our Nation’s Capital

Population: 617,996 (2011)

Social Security Prefix: 577-579

Borders: North – Maryland, South – Virginia

Title State: Yes

Security Interest: Shown on title, held by lienholder.

DMV: dmv.washingtondc.gov/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: Must be licensed as a collection agency with Commerce and Consumer Affairs.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (D.C. 28:9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (D.C. 28:9-504(3).)

Liquidation Documents: Certified copy of contract and title, inspection if out of state

Plates: Remain with the debtor

Nickname: The Sunshine State

Capital City: Tallahassee

State Population: 18.8 Million (Per 2010 Census)

Social Security Prefix:
261 thru 267
589 thru 595

Border States:
Alabama (North/West)
Georgia (North)

Title State: Yes

Security Interests: Shown on the title held by lienholder.

Florida Motor Vehicle Division: www.flhsmv.gov

Repossession Allowed: Allowed per the UCC without a breach of the peace.

Repossession Licensing Requirements: Yes, Can be verified at ww.licgweb.doacs.state.fl.us/index.html

Redemption Requirements: Debtor can redeem only prior to sale or foreclosure by payment of entire balance.

Notice of Intent Requirements: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Section 679-504(3)

Items Required for Liquidation: Title must be reduced to lienholder’s name.

License Plates: Remain with debtor.

Nickname: The Peach State

Capital City: Atlanta

State Population: 9,815,210 (2011 est)

Social Security Prefix: 252-260 and 667-675

Borders: West – Alabama, North – Tennessee and North Carolina, East – South Carolina, South – Florida

Title State: Yes, all vehicles and mobile homes manufactured 1963 and later. Boats are not.

Security Interest: Shown on title held by lienholder.

DMV: www.dmv.org/ga-georgia/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Section 11-9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Section 11-9-504.)

Liquidation Documents: Title, copy of contract, bill of sale, affidavit of repossession (T-16)

Plates: Remain with the vehicle

Nickname: The Aloha State

Capital City: Honolulu, Oahu

State Population: 1,374,810 (2011 est)

Social Security Prefix: 575-576 and 750-751

Borders: None, Islands

Title State: Yes, all motor vehicles. Boats and mobile homes are not.

Security Interest: Shown on title held by lienholder.

DMV: http://hawaii.gov/dot/highways/safe-communities/motor-vehicle-registration/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: Must be licensed as a collection agency with Commerce and Consumer Affairs.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (HRS 49:9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (HRS 49:9-504(3).)

Liquidation Documents: “Repossessed By” Lienholder, with signature on line one of Hawaiian Title, “Successor Interest” on line seven (Lienholder with signature), Registration in Lienholder’s name, inspection required.

Plates: Remain with the vehicle

Nickname: The Gem State

Capital City: Boise

State Population: 1,584,985 (2011 est)

Social Security Prefix: 518-519

Borders: West – Oregon and Washington, North – Country of Canada, East – Montana and Wyoming,

South – Nevada and Utah

Title State: Yes, all motor vehicles, mobile homes and boats under 2,000 pounds are not but 2000 and newer are titled.

Security Interest: Shown on title held by lienholder.

DMV: http://itd.idaho.gov/dmv/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Section 28-9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Title, (no signature on back) and Repossession Affidavit

Plates: Remain with the vehicle

Nickname: The Prairie State

Capital City: Springfield

State Population: 12,869,257 (2011 est)

Social Security Prefix: 318-361

Borders: West – Missouri and Iowa, North – Wisconsin, East – Indiana, South – Kentucky

Title State: Yes, all motor vehicles, mobile homes and boats.

Security Interest: Shown on title held by lienholder.

DMV: http://www.cyberdriveillinois.com/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: Yes

Redemption Requirements: After Repossession, the lienholder shall mail the Affidavit of Defense to the registered owner’s last known address giving the owner 21 days from the date of the certified mail to redeem this unit. The vehicle may not be sold or transferred during this period.

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (810 ILCS 5/9-504(3).)

Liquidation Documents: After Repossession, the lienholder shall mail the Affidavit of Defense to the registered owner’s last known address giving the owner 21 days from the date of the certified mail to redeem this unit. The vehicle may not be sold or transferred during this period.

Plates: Remain with the debtor

Nickname: The Hoosier State

Capital City: Indianapolis

State Population: 6,516,922 (2011 est)

Social Security Prefix: 303-317

Borders: West – Illinois, North – Michigan, East – Ohio, South – Kentucky

Title State: Yes, all motor vehicles and boats valued over $3,000 when new.

Security Interest: Shown on title held by lienholder.

DMV: http://www.in.gov/bmv/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Indiana Code 26-1-9.1.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Indiana Code 26-1-9.1-504(3).)

Liquidation Documents: Certified copy of Contract (Form 1 Certificate of Repossession from California, Tennessee, Texas). All other states must have a repo title in the client’s name.

Plates: Remain with the debtor

Nickname: The Hawkeye State

Capital City: Des Moines

State Population: 3,062,309 (2011 est)

Social Security Prefix: 478-485

Borders: West – Nebraska and South Dakota, North – Minnesota, East – Wisconsin and Illinois, South – Missouri

Title State: Yes, all motor vehicles, mobile homes and boats.

Security Interest: Yes, shown on title held by lienholder.

DMV: http://www.iowadot.gov/mvd/index.htm

Repo’s Allowed: Peaceful repossession permitted however, in a consumer credit transaction, the Iowa Consumer Credit Code Section 537.5110 requires that no attempt to enforce the obligation may be made until twenty (20) days after a written notice of right to cure default is given to the consumer debtor.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor.

Notice of Intent: N/A

Liquidation Documents: Title, Affidavit of Repossession. Do not release lien on title.

Plates: Remain with the debtor

Nickname: The Sunflower State

Capital City: Topeka

State Population: 2,871,238 (2011 est)

Social Security Prefix: 509-515

Borders: West – Colorado, North – Nebraska, East – Missouri, South – Oklahoma

Title State: Yes, all motor vehicle and mobile homes, not boats.

Security Interest: Shown on title held by the debtor/registered owner

DMV: http://www.ksrevenue.org/forms-dmv.html

Repo’s Allowed: After 20 day “Right to Cure” letter from lienholder to debtor, repossession allowed without committing a breach of peace. (Applicable only once during term of security agreement.) Not applicable to any “substantial impairment” such as lack of insurance, etc.

Repo Licensing Requirements: None, Please be advised that the Transportation Division of the Kansas Corporation Commission (“Transportation Division” and “Commission” respectively) is authorized by statute to take administrative action against entities that knowingly utilize for-hire motor carriers that do not have proper operating authority granted by the Commission. In particular, the Transportation Division may take action against Banks, Credit Unions, or lending institutions that utilize unlicensed motor carriers, wreckers, or tow trucks illegally operating as for-hire motor carriers, whether that transportation is intrastate or interstate. To verify status of Assignee, go to Kansas state website, www.kcc.state.ks.us/trans/mcsearch.cgi

Redemption Requirements: N/A

Notice of Intent: N/A

Liquidation Documents: : No out of state repossession affidavits are accepted. Repossession affidavit may accompany Kansas title and an application for title together with a certified copy of the Security Agreement to the vehicle.

Plates: Remain with the debtor

Nickname: The Bluegrass State

Capital City: Frankfort

State Population: 4,369,356 (2011 est)

Social Security Prefix: 400-407

Borders: West – Missouri, North – Illinois, Indiana and Ohio, East – West Virginia and Virginia,

South – Tennessee

Title State: Yes, all motor vehicles, mobile homes and boats.

Security Interest: Yes, shown on title held by debtor/registered owner. Lienholder is mailed title lien statement.

DMV: http://transportation.ky.gov/motor-vehicle-licensing/Pages/default.aspx

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (KRS 355.9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (KRS 355.9-504(3).)

Liquidation Documents: Title, Repossession Affidavit.

Plates: Remain with the vehicle

Nickname: The Pelican State

Capital City: Baton Rouge

State Population: 4,574,836 (2011 est)

Social Security Prefix: 433-439 and 659-665

Borders: West – Texas, North – Arkansas, East – Mississippi

Title State: Yes, all motor vehicle and mobile homes, not boats.

Security Interest: Shown on title held by lienholder

DMV: http://omv.dps.state.la.us/

Repo’s Allowed: Yes, if no breach of peace occurs in the act of retaking

Repo Licensing Requirements: The individual who physically repossesses collateral must be licensed by the State of Louisiana -Office of Financial Institutions. In the event a tow truck is used, the owner, or operator, shall possess a common carrier certificate issued by the Louisiana Public Service Commission,

Redemption Requirements: N/A

Notice of Intent: Effective January 1, 2005, Louisiana’s Act 191 (“Additional Default Remedies Act”) and Act 814 (“Notice of Repossession”) permit a “secured party” or “a lessor” to take possession of collateral without judicial process provided: 1. prior to taking possession, a notice of intent is sent to all debtors, in writing, containing the specific wording: “Louisiana law permits repossession of motor vehicles without further notice or judicial process”, 2. a “payment” default exceeding 30 days (monthly installment contracts) or 60 days (weekly or bi-weekly contracts) exists

Liquidation Documents: Vehicle may be sold on any State’s Lien Released and Lienholder Assigned Title provided it is “federally conforming” and is accompanied by a “notarized” Affidavit of Possession and, if not self-helped, a photocopy of the Debtor’s signed Release. If Title is non-federally conforming, substitute a “federally conforming”, “notarized” Bill of Sale in lieu of assigning said Title. All documents must be completed accurately and devoid of any type of white out or line out corrections

Plates: Louisiana plates remain with the Debtor; or a letter from the Licensed Repossession Agency may be sent to the Debtor for DMV purposes. The only exception is with Leased Vehicles that always remain with the vehicle.

Nickname: The Pine Tree State

Capital City: Augusta

State Population: 1,328,188 (2011 est)

Social Security Prefix: 004-007

Borders: West – New Hampshire and Country of Canada

Title State: Yes, all motor vehicles manufactured after1984. Mobile homes and boats are not.

Security Interest: Shown on title held by lienholder.

DMV: http://www.maine.gov/sos/bmv/

Repo’s Allowed: After fourteen day Right to Cure Letter from lienholder to debtor, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: Yes, must be licensed as a debt collector thru the Maine Bureau of Consumer Protection

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (11 M.R.S.A. 9-506.)

Notice of Intent: N/A

Liquidation Documents: Title, Repossession (MVT-15)

Plates: Remain with the debtor

Nickname: The Old Line State

Capital City: Annapolis

State Population: 5,828,289 (2011 est)

Social Security Prefix: 212-220

Borders: West – West Virginia and Virginia, North – Pennsylvania, East – Delaware, South – Washington, D.C.

Title State: Yes, all motor vehicles and boats are titled. Mobile homes.

Security Interest: Shown on title held by the debtor/registered owner. Notice of security interest filling held by the lienholder.

DMV: http://www.mva.maryland.gov/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: The State requires a collection agency license from Office of Commissioner of Financial Regulation.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Comm. L. 9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Title, Notice of Security Interest Filing VR-104 (Certificate of Repossession) VR-5 (Application for Title).

Plates: Remain with the debtor

Nickname: The Bay State

Capital City: Boston

State Population: 6,587,536 (2011 est)

Social Security Prefix: 010-034

Borders: West – New York, North – New Hampshire, South – Connecticut and Rhode Island

Title State: Yes, all motor vehicle since September 1972 and boats not mobile homes.

Security Interest:

DMV: http://www.massdot.state.ma.us/rmv/

Repo’s Allowed: Right to cure law is in effect for all MA contracts. Vehicles cannot be repossessed from property owned or rented by the debtor. After Twenty-one Day Right to Cure Letter from lienholder to debtor, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None.

Redemption Requirements: After the repossession of a vehicle the debtor must be sent a notice by certified mail, return receipt requested, outlining the lienholder’s redemption requirements; including the lienholder’s intent to sell collateral either at public auction or by private sale, if the requirements are not fulfilled within twenty working days.

Notice of Intent: See above

Liquidation Documents: Power of Attorney, lien release and title

Plates: Remain with the debtor

Nickname: The Great Lakes State

Capital City: Lansing

State Population: 9,876,187 (2011 est)

Social Security Prefix: 362-386

Borders: West – Wisconsin and Illinois, South – Indiana and Ohio, North – The country of Canada

Title State: Yes, all motor vehicles, mobile homes and boats over 20 feet must be titled.

Security Interest: Shown on title held by debtor.

DMV: http://www.michigan.gov/sos

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: Yes, must hold a valid Collection Agency License and bonded by Bureau of Consumer Services.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (MSA 19.9506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Title must be in lienholder’s name. Forward application for title accompanied by a certified copy of the security agreement and an affidavit of repossession.

Plates: Remain with the debtor

Nickname: The North Star State

Capital City: St. Paul

State Population: 5,344,861 (2011 est)

Social Security Prefix: 468-477

Borders: West – North Dakota and South Dakota, East – Wisconsin, South – Iowa,

North – The country of Canada

Title State: Yes, all motor vehicles been required to be titled since October 1972, mobile homes and boats.

Security Interest: Shown on title held by lienholder.

DMV: https://dps.mn.gov/divisions/dvs/Pages/default.aspx

Repo’s Allowed: After 10 Day Right to Cure Letter from lien holder to debtor, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Sec. 336.9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Sec. 336.9-504(3).)

Liquidation Documents: Affidavit of Repossession, with title signed off as seller. Do not release lien.

Plates: Remain with the vehicle

Nickname: The Magnolia State

Capital City: Jackson

State Population: 2,978,512 (2011 est)

Social Security Prefix: 429-432 and 587-588 and 752-755

Borders: West – Arkansas and Louisiana, North – Tennessee, East – Alabama

Title State: Yes, all motor vehicles purchased after 1969, mobile homes and boats are not required.

Security Interest: Shown on title held by lienholder.

DMV: http://www.mmvc.state.ms.us/mmvc/MotorVeh.nsf

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: No license is required by the state, although there are city and county business license is requirements.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Section 75-9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Section 75-9-504(3).)

Liquidation Documents: Title, Repossession Affidavit.

Plates: Remain with the debtor

Nickname: The Show Me State

Capital City: Jefferson City

State Population: 6,010,688 (2011 est)

Social Security Prefix: 486-500

Borders: West – Nebraska, Kansas and Oklahoma, South – Arkansas, East – Indiana and Illinois, North – Iowa

Title State: Yes, all motor vehicles, mobile homes and boats are if they are motor-propelled or over 12 foot.

Security Interest: Shown on title held by owner of the collateral.

DMV: http://dor.mo.gov/motorv/

Repo’s Allowed: After Twenty Day Right To Cure Letter from lienholder to debtor, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor.(Section 400.9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Section 400.9-504(3).)

Liquidation Documents: Affidavit of Repossession, Application for Missouri Title.

Plates: Remain with the debtor

Nickname: The Treasure State

Capital City: Helena

State Population: 998,199 (2011 est)

Social Security Prefix: 516-517

Borders: West – Idaho, South – Wyoming, East – South Dakota and North Dakota,

North – The country of Canada

Title State: Yes, all motor vehicles, mobile homes and boats.

Security Interest: Shown on title held by debtor.

DMV: https://doj.mt.gov/driving/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor.

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Affidavit of repossession, bill of sale or title in lienholders name.

Plates: Remain with the debtor

Nickname: The Cornhusker State

Capital City: Lincoln

State Population: 1,842,641 (2011 est)

Social Security Prefix: 505-508

Borders: West – Wyoming and Colorado, South Kansas, East – Missouri and Iowa, North – South Dakota

Title State: Yes, all motor vehicles, mobile homes and boats manufactured after November 1, 1972.

Security Interest: Shown on title held by lienholder.

DMV: http://www.dmv.ne.gov/

Repo’s Allowed: Yes, allowed without breach of peace; in a consumer credit transaction, a creditor generally may not accelerate maturity of the unpaid balance of the obligation or take possession of collateral after a default until twenty (20) days after a written notice of the consumer’s right to cure is given. If the consumer cured the default by tendering the amount of all unpaid sums due at the time of tender, without acceleration, plus any unpaid charges, the consumer’s right under the agreement is restored.

Repo Licensing Requirements: None.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor.

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Title must be in name of lienholder to execute sale of collateral.

Plates: Remain with the debtor

Nickname: The Silver State

Capital City: Carson City

State Population: 2,723,322 (2011 est)

Social Security Prefix: 530 and 680

Borders: West – California, South – Arizona, East – Utah, North – Idaho and Oregon

Title State: Yes, all motor vehicles, mobile homes and boats.

Security Interest: Shown on title held by lienholder.

DMV: http://www.dmvnv.com/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: Yes

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (NRS 104.9506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Title, Affidavit of Repossession, Bill of Sale.

Plates: Remain with the debtor

Nickname: The Granite State

Capital City: Concord

State Population: 1,318,194 (2011 est)

Social Security Prefix: 001-003

Borders: West – Vermont, South – Massachusetts, East – Maine, North – The country of Canada

Title State: Yes, all motor vehicles model year ten years or less, Mobile homes and boats are not.

Security Interest: Shown on title held by lienholder.

DMV: http://www.nh.gov/safety/divisions/dmv/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (382-A:9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Title, Affidavit of Repossession.

Plates: Remain with the debtor

Nickname: The Garden State

Capital City: Trenton

State Population: 8,821,155 (2011 est)

Social Security Prefix: 135-158

Borders: West – Pennsylvania, South – Delaware, North – New York

Title State: Yes, all motor vehicles, mobile homes and boats over 12 feet need to be titled.

Security Interest: Shown on title held by lienholder.

DMV: http://www.state.nj.us/mvc/index.htm

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Sec. 12A:9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Sec. 12A:9-504(3).)

Liquidation Documents: Application (CO-56), Writ of Execution stamped “True Copy” signed by the Clerk of Court, copy of posted notice of sale and original title.

Plates: Remain with the debtor

Nickname: The Land of Enchantment

Capital City: Santa Fe

State Population: 2,082,224 (2011 est)

Social Security Prefix: 525 and 585

Borders: West – Arizona, South – The country of Mexico, East – Texas and Oklahoma, North – Colorado

Title State: Yes, all motor vehicles, mobile homes and boats.

Security Interest: Shown on title held by lienholder.

DMV: http://www.mvd.newmexico.gov/Pages/Home.aspx

Repo’s Allowed: If repossession discussed with debtor the secured party must give a ten-day notice otherwise peaceful repossession allowed.

Repo Licensing Requirements: Yes, issued by State of New Mexico Regulation and Licensing Department Financial Institutions Division.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor.

Notice of Intent: N/A

Liquidation Documents: Title Release of Lien, Affidavit of Repossession, Bill of Sale.

Plates: Remain with the debtor

Nickname: The Empire State

Capital City: Albany

State Population: 19,465,197 (2011 est)

Social Security Prefix: 050-134

Borders: West – Pennsylvania and The country of Canada, South – Pennsylvania and New Jersey, East – Vermont, Massachusetts and Connecticut

Title State: Yes, all motor vehicles manufactured in 1973 and newer models, mobile homes and boats manufactured after 1987 and that are 14 feet or longer with motor.

Security Interest: Shown on title held by debtor.

DMV: http://www.dmv.ny.gov/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Chapter. 38, Art. 9, Part 5, Sec. 9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Chapter. 38, Art. 9, Part 5, Sec. 9-504(3).)

Liquidation Documents: If New York Title, must have a signed off MV-901 (notice of recorded lien) and a MV950 (combination bill of sale, odometer statement, affidavit of repossession). If out of state title, title must show lienholder as owner and a notarized bill of sale.

Plates: Remain with the Debtor, or they need to be turned in to NY DMV along with Form MV 327 within 24 hours of repossession.

Nickname: The Tar Heel State

Capital City: Raleigh

State Population: 9,656,401 (2011 est)

Social Security Prefix: 232 and 237-246 and 681-690

Borders: West – Tennessee, South – Georgia and South Carolina, North – Virginia

Title State: Yes, all motor vehicles, mobile homes and boats are optional.

Security Interest: Shown on title held by lienholder

DMV: http://www.ncdot.gov/dmv/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (25-9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor.

Liquidation Documents: Title and Repossession Affidavit, Out of State Repossession titles and affidavits are accepted.

Plates: Remain with the debtor.

Nickname: The Peace Garden State

Capital City: Bismarck

State Population: 683,932 (2011 est)

Social Security Prefix: 501-502

Borders: West – Montana, South – South Dakota, East – Minnesota, North – The country of Canada

Title State: Yes, all motor vehicles, mobile homes are titled and boats are not.

Security Interest: Shown on title held by lienholder.

DMV: http://www.dot.nd.gov/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None.

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (41-09-52.)

Notice of Intent: N/A

Liquidation Documents: Title, Repossession Affidavit.

Plates: Remain with the vehicle.

Nickname: The Buckeye State

Capital City: Columbus

State Population: 11,544,951 (2011 est)

Social Security Prefix: 268-302

Borders: West – Indiana, South – Kentucky and West Virginia, East – Pennsylvania

Title State: Yes, all motor vehicles, mobile homes and boats over 14 feet are titled.

Security Interest: Shown on title held by lienholder.

DMV: http://www.bmv.ohio.gov/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None.

Redemption Requirements: A debtor may redeem the collateral by tendering full fulfillment of the secured obligation plus all expenses reasonably incurred by the creditor prior to the sale of the collateral. (O.R.C. 1309.49.)

Notice of Intent: In a retail installment contract involving a consumer transaction, the creditor must give the debtor a written notice, within five (5) days after taking possession of the collateral, of the circumstances constituting the default and the terms for curing the default. If the debtor fails to cure the default within twenty (20) days after the creditor retakes possession of the collateral, or fifteen (15) days the giving of notice, whichever is later, the secured creditor may dispose of the collateral by public sale only after giving a notice of sale. The required notice of public sale must be sent by certified mail, with return receipt requested, at least ten days prior to the sale, and must contain specific information such as the date, time and place of the sale, the minimum price for the collateral, and a statement that the debtor may be held liable for any deficiency resulting from the sale.

Liquidation Documents: Must have title in the name of the lienholder.

Plates: Remain with the debtor

Nickname: The Sooner State

Capital City: Oklahoma City 

State Population: 3,791,508 (2011 est)

Social Security Prefix: 440-448

Borders: West – New Mexico, South – Texas, East – Arkansas and Missouri, North  – Kansas and Colorado

Title State: Yes, all motor vehicles, mobile homes and boats with motors over 10 hp are titled.

Security Interest: Shown on title held by debtor.

DMV: http://www.dps.state.ok.us/

Repo’s Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements: None

Redemption Requirements: Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (12A-9-506.)

Notice of Intent: Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. With exception to transactions involving consumer goods, notice to any holder of a subordinate lien is also required. (12A-9-504(3).)

Liquidation Documents: Out of state titles must be in the name of lienholder. In Oklahoma copy of a security agreement (certified), lien released or repossession title in the name of lienholder.

Plates: Most remain with the vehicle. However, “personalized” plates are the property of the debtor.

Nickname: The Lone Star State

Capital City: Austin

State Population: 25.1 Million (Per 2010 Census)

Social Security Prefix: 449 thru 467

Border States:
New Mexico (West)
Oklahoma (North)
Arkansas (East)
Louisiana (East)

Title State: Yes

Security Interests: Shown on the title held by lienholder.

Texas Motor Vehicle Division: www.txdmv.gov

Repossession Allowed: Allowed per the UCC without a breach of the peace.

Repossession Licensing Requirements: None

Redemption Requirements: Acceleration of balance. The Uniform Commercial Code supersedes all other provisions here.

Notice of Intent Requirements: 10 day redemption

Items Required for Liquidation: Certificate of title with lien release, affidavit of repossession, certified copy of lien instrument and notarized Power of Attorney. Contact local agent for further details.

License Plates: The Texas DMV has no guidance on plate handling as it relates to auto repossessions.

Nickname: The Beehive State

Capital City: Salt Lake City

State Population: 2,817,222 (est 2011)

Social Security Prefix:
528-529
648-649

Border States:
Nevada (West)
Idaho, Wyoming (North)
Colorado (East)
Arizona (South)

Title State: Yes, all motor vehicles, mobile homes and boats are if they were manufactured after 1985.

Security Interests:  Shown on title held by lienholder.

DMV:  http://dmv.utah.gov/

Repossession Allowed:   Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repossession Licensing Requirements:  None

Redemption Requirements:  Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (Utah Code 70A-9-504(3).)

Notice of Intent:  Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (Utah Code 70A-9-504(3).)

Liquidation Documents:  Title, Repossession Affidavit, and Odometer Statement.

License Plates:  Remain with debtor.

Nickname: The Green Mountain State

Capital City: Montpelier

State Population: 626,431 (est 2011)

Social Security Prefix:  008-009

Border States:
New York (West)
Country of Canada (North)
New Hampshire (East)
Massachusetts (South)

Title State:  Yes, all motor vehicles 15 years old or less, boats and not mobile homes.

Security Interests:   Shown on title held by lienholder.

DMV:   http://dmv.vermont.gov/

Repossession Allowed:  Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repo Licensing Requirements:   None

Redemption Requirements:  Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (U.C.C. 9A-9-504(3).)

Notice of Intent:   Reasonable notice of the time and place of the sale is generally required to b given to other secured creditors and the debtor. (U.C.C. 9A-9-504(3).)

Liquidation Documents:  Title, Repossession Affidavit, Bill of Sale and Title with Lien released.

License Plates:  Remain with debtor.

Nickname: The Old Dominion State

Capital City: Richmond

State Population: 8,096,604 (est 2011)

Social Security Prefix:   223-231 and 691-699

Border States:
Kentucky, West Virginia (West)
Maryland, District of Columbia (North))
Tennessee, North Carolina (South)

Title State:  Yes, all motor vehicles, mobile homes and boats.

Security Interests:   Shown on title held by lienholder.

DMV:   http://dmv.virginia.gov/

Repossession Allowed:  Yes, As per UCC, repossession allowed without committing a breach of the peace.

Repossession Licensing Requirements:  Tow truck registration with the state required. Must register with Department of Criminal Justice Services (DCJS) which provides statutory oversight of individuals who drive a tow truck in the Commonwealth of Virginia, and DCJS is responsible for providing technical assistance.

Redemption Requirements:  Any time before disposition of the collateral, a debtor may have a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor. (VA Code 8-9-506(3).)

Notice of Intent:   Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. (VA Code 8-9-504(3).)

Liquidation Documents:  If Virginia title, must be in the name of the lienholder.  Will accept repossession affidavit from other states.

License Plates:   Remain with debtor.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.

Bond Coverage is Applicable For Services Rendered Within The United States Of America Only and Puerto Rico.