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Puerto Rico Repo Laws - Repossession Laws

 

 

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

 


 

Repo Laws - Repossession Laws in Puerto Rico:

 

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

 

Directoria Servicio Al Conductor

P.O. Box 41243

Minillas Station, Santurce, P.R. 00940-1243.
 

Recording Requirements:

Liens on motor vehicles must be recorded at the Department of Motor Vehicles where owner resides.

Recovery Requirements:

Debtor required to sign a voluntary surrender prior to lienholder taking possession or replevin judgment granted through legal action for possession of collateral.

Redemption Requirements:

Thirty (30) days.

Deficiency Requirements:

Only permitted if collateral seized through legal action and after the sale.

Special Motor Vehicle Provisions:

Certificate of Title and registration bears lien.

Documents Required to Transfer Ownership of Motor Vehicle:

Title in lienholder's name and certification of repossession notarized.

 

Plates:

Remain with the vehicle.

 

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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