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Alaska Repo Laws - Repossession Laws

 

 

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

 

 


 

Repo Laws - Repossession Laws in Alaska:

 

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

 

Alaska Division of Motor Vehicles

2150 E. Dowling Road

Anchorage, Alaska, 99507

 

Telephone: (907) 269-5551.

 

Fees for search of records is $2.00.

Security Interests:

Shown on title held by lienholder.

 

Recording Requirements:

Uniform Commercial Code (UCC) in effect. Liens on motor vehicle must be on title.

Recovery Requirements:

As per the UCC, repossession is allowed and permitted as long as it is peaceful.

Redemption Requirements:

Within 10 days after retaking. If customer had paid 50% of purchase price or $500.00, a public sale is required. If less than 50% or $500.00, private sale is permitted.

Deficiency Requirements:

Suit for balance does not bar retaking and deficiency is collectible. Confession of judgment notes are valid.

Special Motor Vehicle Provisions:

Lien must appear on title to be effective as to third parties.

Documents Required to Transfer Ownership of Motor Vehicle:

Title in debtor's name or lienholder with certified copy of lien instrument. Certificate of registration. Registration fee is $5.00.

 

Documents Required for Liquidation:

Repossession affidavit, certified copy of contract, bill of sale.

 

Plates:

Remain with the vehicle. (Except for personalized plates.)

 

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.

Alaska Repo Companies