New York Repo Laws - Repossession Laws
Repo Laws - Repossession Laws in New York:
Where do I refer to for Title or License Registration?
For state Title and License Information, refer to:
New York Department of Motor Vehicles
Public Service Department
P. O. Box 2750
Albany, New York 12220
Telephone: (518) 486-4714.
Shown on title held by lienholder.
Uniform Commercial Code (UCC)
adopted in September, 1964: Must be
filed in the city or town where
mortgagor or buyer resides at time
of execution of the document. If
non-resident, then where property is
As per the UCC, repossession is
allowed and permitted as long as it
No redemption after foreclosure and
Permitted if provided for by the
mortgage. Retaking does not bar suit
for price and vice-versa. Confession
of judgment notes are permitted.
Title in lienholder's name and notarized Bill of Sale.
Documents Required for Liquidation:
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.
Remain with the owner / debtor. Plates must be sent to DMV if the owner does not accept them and sign for them when vehicle is repossessed.
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.