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South Carolina Repo Laws - Repossession Laws

 

 

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

 


 

Repo Laws - Repossession Laws in South Carolina:

 

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

 

South Carolina Division of Motor Vehicles

P.O. Box 1498

Columbia, South Carolina 29216

 

Telephone: (803) 251-2950

 

Fees for search of records is $0.50.

Security Interests:

Shown on title held by lienholder.

 

Recording Requirements:

Per the Uniform Commercial Code adopted January, 1968: Must be filed within 10 days in the county where buyer or mortgagor resides; if non-resident, where property is located at time of execution of instrument. The place of recording in the office of the Registrar of Mesne Conveyances; where such office does not exist, with the Clerk of the Court.

Recovery Requirements:

As per the UCC, repossession is allowed and permitted as long as it is peaceful, after a Twenty Day Right to Cure Letter from lienholder to debtor.

Redemption Requirements:

Cure law in effect.

Deficiency Requirements:

Permitted.

Special Motor Vehicle Provisions:

Liens must be recorded on face of the title. (Exclusive method of recording.)

Documents Required to Transfer Ownership of Motor Vehicle:

Title and lien release; repossession affidavit and notarized Power of Attorney.

 

Documents Required for Liquidation:

Notarized bill of sale, title and repossession affidavit.

 

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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