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Nebraska Repo Laws - Repossession Laws

 

 

Because the Repo Laws - Repossession Laws may change from time to time, please check the Nebraska Courts website for updated and complete Repo Laws - Repossession Laws in Nebraska.

 


 

Repo Laws - Repossession Laws in Nebraska:

 

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

 

Nebraska Department of Motor Vehicles

P.O. Box 94789

Lincoln, Nebraska 68509

 

Telephone: (402) 471-2281

 

Fee for search of records is $0.75.

Security Interests:

Shown on title held by lienholder.

 

Recording Requirements:

Per the Uniform Commercial Code (UCC) adopted in September, 1965: With County Clerk of county of mortgagor's or buyer's residence, if non-residence, in county where property is located.

Recovery Requirements:

As per the UCC, repossession is allowed and permitted as long as it is peaceful. Retaking prohibits suit for purchase and vice-versa.

Redemption Requirements:

Within twenty (20) days after repossession.

Deficiency Requirements:

No provisions.

Special Motor Vehicle Provisions:

Liens to be filed with County Clerk of buyer's residence and noted on certificate of title by him. Certificate of title law supersedes other statutory provisions as to filing against motor vehicles.

Documents Required to Transfer Ownership of Motor Vehicle:

Registration certificate in lienholder's name; notarized Power of Attorney; notarized Bill of Sale; sales tax form; and odometer statement.

 

Documents Required for Liquidation:

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

 

Plates:

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.

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