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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. Shown on title held by lienholder.
Recording Requirements:
Uniform Commercial Code (UCC) in effect.
Liens on motor vehicle must be on
title.
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful.
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.
Suit for balance does not bar
retaking and deficiency is
collectible. Confession of judgment
notes are valid.
Lien must appear on title to be
effective as to third parties. 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. |