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Montana Repo Laws - Repossession Laws

 

 

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

 


 

Repo Laws - Repossession 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.

 


 

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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