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Nebraska Repossession Laws
Quick Answers:
Where do I refer to for Title or
License Registration?
For state Title and License Information,
refer to:
Nebraska Department of Motor
Vehicles
P.O. Box 94789
Lincoln, Nebraska 68509
Telephone: (402) 471-2281
Fee for search of records is $0.75.
Security Interests:
Shown on title held by lienholder.
Recording Requirements:
Per the
Uniform Commercial Code (UCC)
adopted in September, 1965: With
County Clerk of county of
mortgagor's or buyer's residence, if
non-residence, in county where
property is located.
Recovery Requirements:
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful. Retaking prohibits suit
for purchase and vice-versa.
Redemption Requirements:
Within twenty (20) days after
repossession.
Deficiency Requirements:
No provisions.
Special Motor Vehicle Provisions:
Liens to be filed with County Clerk
of buyer's residence and noted on
certificate of title by him.
Certificate of title law supersedes
other statutory provisions as to
filing against motor vehicles.
Documents Required to Transfer
Ownership of Motor Vehicle:
Registration certificate in
lienholder's name; notarized Power
of Attorney; notarized Bill of Sale;
sales tax form; and odometer
statement.
Documents Required for
Liquidation:
Title must be in name of lienholder
to execute sale of collateral.
Plates:
Remain with the
owner / debtor.
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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