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Oregon Repo Laws - Repossession Laws
Because the Repo Laws - Repossession Laws may change from time to time, please check the Oregon Courts website for updated and complete Repo Laws - Repossession Laws in Oregon.
Repo Laws - Repossession Laws in Oregon:
Where do I refer to for Title or License Registration? For state Title and License Information, refer to:
Oregon Motor Vehicles Division ATTN: Record Services 1905 Lana Avenue, N.E. Salem, Oregon 97314
Telephone: (503) 945-5000
Fee for license or registration
information is $4.00. Shown on title held by lienholder.
Recording Requirements:
All motor vehicles (except boats)
are titled and all records kept with
the Motor Vehicle Department.
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful.
Creditor may demand loan balance
plus expenses. Ten day redemption
period for the balance is required.
Suit is permitted only if the loss
exceeds $2500.00 per party to the
security agreement. (i.e. husband &
wife increases loss requirement to
$5000.00.
Liens must be registered with the
Department of Motor Vehicles and
appear on the face of the
certificate of title. Lien released from title; repossession affidavit; copy of final demand letter and certified mail receipt as proof of mailing; Bill of Sale.
Documents Required for Liquidation: Out of State Titles or Repossession certificates are required. Oregon titles require a repossession certificate. To transfer title to a repossessed vehicle, the documents needed are: (1) The Original Title endorsed by the lienholder; (2) Notarized Affidavit of Repossession; (3) A copy of the final demand letter with its certified mail receipt attached.
Plates: Remain with the vehicle (except custom license plates, which remain with owner), and are transferable.
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. |