Maryland Repo Laws - Repossession Laws
Repo Laws - Repossession Laws in Maryland:
Where do I refer to for Title or License Registration?
For state Title and License Information, refer to:
Maryland Motor Vehicle Administration
6601 Ritchie Hwy. N.E.
Glen Burnie, Maryland 21062
Telephone: (410) 729-4550
Fee for search of records is $2.00.
Title held by debtor. Notice of security interest filing held by lienholder.
Uniform Commercial Code (UCC)
adopted in February, 1964: With
Clerk of Circuit Court in county in
which mortgagor resides and with the
Office of the Secretary of State.
As per the UCC, repossession is
allowed and permitted as long as it
within fifteen (15) days after
Permitted if contract or mortgage so
provides. Confession of judgment
notes are valid, but State statute
provides that retaking bars suit for
price and vice-versa.
To perfect lien, record same with
Clerk of Circuit Court where
Certificate of repossession where lienholder holds the Certificate of Title. Otherwise, copy of contract and Certificate of Repossession required, notarized Bill of Sale and notarized Power of Attorney.
Documents Required for Liquidation:
Title, Notice of Security Interest Filing VR-104 (Certificate of Repossession), and VR-5 (Application for Title).
Remain with the owner / debtor, and can be transferred to replacement vehicles of the same type.
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.