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Vermont Repo Laws - Repossession Laws
Because the Repo Laws - Repossession Laws may change from time to time, please check the Vermont Courts website for updated and complete Repo Laws - Repossession Laws in Vermont.
Repo Laws - Repossession Laws in Vermont:
Where do I refer to for Title or License Registration? For state Title and License Information, refer to:
Vermont Department of Motor Vehicles 120 State St. Montpelier, Vermont 05603
Telephone: (802) 828-2000
Fee for search of records is
determined by Commissioner. Shown on title held by lienholder.
Recording Requirements:
Per the Uniform Commercial Code
adopted January, 1967: In the office
of the town clerk of the town of
residence of the purchasers; if
non-resident, in county where
property is located.
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful.
Permitted before sale only by curing
the breach of the mortgage.
Judgment notes are invalid.
No provisions. Registration in lienholder's name; notarized Power of Attorney, notarized Bill of Sale; repossession affidavit.
Documents Required for Liquidation: Title, Repossession Affidavit, Bill of Sale and Title with Lien released.
Plates: Remain with the owner / debtor, if transferred within five (5) days. If plates are not transferred within five (5) days, the plates must be returned to the Commissioner.
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. |