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Alaska
Repossession Laws
Quick Answers:
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.
Quick-Repo.com does not warrant the accuracy of these laws. The laws
listed on Quick-Repo.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 service there.
View
repo laws at
RepoLaws.info and
repossession laws at
RepossessionLaws.info
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