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Maine Repo Laws - Repossession Laws
Because the Repo Laws - Repossession Laws may change from time to time, please check the Maine Courts website for updated and complete Repo Laws - Repossession Laws in Maine.
Repo Laws - Repossession Laws in Maine:
Where do I refer to for Title or License Registration? For state Title and License Information, refer to:
*Repossession Companies must be licensed as debt collectors with Maine Bureau of Consumer Protection.
Maine Motor Vehicle Division State House, Station 29, Title Section Augusta, Maine 04333
Telephone: (207) 822-6400
Fee for search of records is $4.00.
Security Interests: Shown on title held by lienholder.
Recording Requirements:
Recorded with Clerk of municipality
in which debtor lives; or if
non-resident, where property is at
time of sale. Uniform Commercial
Code adopted December, 1964.
Recorded with Secretary of State for
1975 models on.
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful, after fourteen day
Right to Cure Letter from lienholder
to debtor. Recovery agents are
licensed by the State. Recovery must
be made under the Right to Cure law,
giving a debtor a 14 day notice
prior to repossession. The right to
cure law is not invoked if the
debtor does not carry the required
insurance or if the debtor has fled
the contractual state.
Ten day redemption.
Judgment notes are valid and no
statutory provisions resulting in
force so assumption is that
deficiency is enforceable if
permitted by lien instrument.
No provisions. For 1974 and older models: License registration certificate in lienholder's name. Certified copy of lien instrument, certified copy of contract, notarized Bill of Sale and Power of Attorney. For 1975 and newer models: Certificate of Title and supporting documents.
Documents Required for Liquidation: Title and Repossession (MVT-15).
Plates: Remain with the owner / debtor, and may be transferred to another vehicle.
All recovery requirements and fees are current as of 2002.
Repo-Laws.com does not warrant the accuracy of these Repo Laws - Repossession Laws or recovery requirements. The Repo Laws - Repossession Laws or recovery requirements listed on Repo-Laws.com are only a starting point for reference, and are not meant to be legal advice or a replacement for legal console. Please consult a repo company in your area, county, or state if you have any questions about repossession there. |