Michigan Repo Laws - Repossession Laws
Repo Laws - Repossession Laws in Michigan:
Where do I refer to for Title or License Registration?
For state Title and License Information, refer to:
Michigan Bureau of Driver and Vehicle Records
7064 Crowner Drive
Lansing, Michigan 48918
Telephone: (517) 322-1460
Fee for search of records is $6.00 per item.
Shown on title held by debtor.
Uniform Commercial Code (UCC)
adopted in January, 1964: With
Registrar of Deeds in county where
mortgagor resides or where property
is located. A financing statement
required to be recorded with
Registrar of Deeds and must be noted
on the Certificate of Title as well.
As per the UCC, repossession is allowed and permitted as long as it is peaceful.
Repossesses must hold valid collection agency License and Regulation from:
Collection Practice Board
P.O. Box 30018
Lansing, Michigan 48909
Telephone: (517) 241-9239
(15) days after repossession.
Permitted if security agreement so
provides and if notice and sale
provision of act is followed.
Affidavit of lien filed with
Secretary of State and lien noted on
Certificate of Title. Comprehensive
Motor Vehicle Retail Installment Act
Application for title in lienholder's name, certified copy of contract, notarized Power of Attorney, affidavit of repossession.
Documents Required for Liquidation:
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.
Remain with the owner / debtor.
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.