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Montana Repossession Laws - Repo Laws

 

 

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

 


 

Repossession Laws - Repo Laws in Montana:

 

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

 

Title and Registration Bureau
Motor Vehicle Division
Montana Department of Justice
1003 Buckskin Drive
Deer Lodge, MT 59722

Telephone: (406) 846-6000

Security Interests:

Shown on title held by debtor.

 

Recording Requirements:

Per the Uniform Commercial Code (UCC) adopted in January, 1965: With County Clerk and Recorder of county where property is located. Must be filed with Registrar's Bureau to be valid against third party creditors.

Recovery Requirements:

As per the UCC, repossession is allowed and permitted as long as it is peaceful, but retaking bars suit for price and vice-versa. Trip permits required on units leaving the county where repossession takes place.

Redemption Requirements:

Ten (10) day redemption.

Deficiency Requirements:

Not allowed if buyer has paid at least one-third of the purchase price and buyer surrenders to seller without expense. Judgment notes are invalid.

Special Motor Vehicle Provisions:

Contract filed with registrar of Motor Vehicles valid against all persons.

Documents Required to Transfer Ownership of Motor Vehicle:

Certificate of Title; affidavit of repossession; notarized release of lien.

 

Documents Required for Liquidation:

Affidavit of Repossession, Bill of Sale or Title in Lienholder's name.

 

Plates:

Remain with the owner / debtor, and can be transferred to replacement vehicles of the same type.

 

All recovery requirements and fees are current as of 2002.

 


 

RepossessionLaws.info does not warrant the accuracy of these Repossession Laws - Repo Laws or recovery requirements. The Repossession Laws - Repo Laws or recovery requirements listed on RepossessionLaws.info 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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