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Alabama
Repossession Laws
Quick Answers:
Where do I refer to for Title or
License Registration?
For state Title and License
Information, refer to:
Alabama Motor
Vehicle Division
P.O. Box 327630
Montgomery, Alabama 36132-7630
Telephone: (334) 242-9056.
Fees for
registration and title will vary.
Security Interests:
Shown on
title held by lienholder.
Recording Requirements:
The Uniform Certificate of Title is
effective from 1975 model vehicles
and beyond, but is not retroactive
to older vehicles, regardless of
Title status from other states.
Recovery Requirements:
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful.
Redemption Requirements:
Acceleration of balance. The
Uniform Commercial Code supersedes
all other provisions here.
Deficiency Requirements:
Collectible after a public or
private sale.
Special Motor Vehicle Provisions:
Repeated acceptance of delinquent
payments should be cured; repeated
acceptance of delinquent payments
interpreted as a waiver of contract.
Debtor should be notified at least
ten (10) days prior to sale of
vehicle that same will be sold at
public or private sale, (public sale
not mandatory), and advised the
specific amount owed (including
recovery costs).
Documents Required to Transfer
Ownership of Motor Vehicle:
Certificate of Title, Affidavit of
Repossession, Bill of Sale showing
gross sale proceeds and the odometer
reading, (all liens on face of Title
should be released by lienholder).
Repossession Title in lienholder's
name not required.
Documents Required for
Liquidation:
A MVT-15-1 (a repossession
affidavit) and the original released
title.
Plates:
Remain with the
debtor / owner, and are transferable.
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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