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Idaho
Repossession Laws
Quick Answers:
Where do I refer to for Title or
License Registration?
For state Title and License Information,
refer to:
Idaho Department of Motor Vehicles
P.O. Box 34
Boise, Idaho 83731
Telephone: (208) 334-8663
Fee for search of records is $4.00.
Security Interests:
Shown on
title held by lienholder.
Recording Requirements:
Per the
Uniform Commercial Code (UCC)
adopted in January, 1968: with the
County Recorder of Deeds or the
Secretary of State.
Recovery Requirements:
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful.
Redemption Requirements:
No provisions.
Deficiency Requirements:
In chattel mortgages, only after
foreclosure proceedings as provided
for by state law. On conditional
sales if contract so provides.
Confession of judgment clauses valid
only on money due or about to become
due.
Special Motor Vehicle Provisions:
Lien must appear on title.
Documents Required to Transfer
Ownership of Motor Vehicle:
Certificate of Title in lienholder's
name, affidavit of repossession with
Bill of Sale completed by
lienholder.
Documents Required for
Liquidation:
Title, without a
signature on the back, and a
Repossession Affidavit.
Plates:
Remain with the owner. "The license
plates are your property, they do
not go with the vehicle. You may
transfer the plates to another
vehicle that you buy or already own"
from
http://itd.idaho.gov/dmv/driverservices/DLChapter10.pdf.
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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