Oklahoma Repossession Laws

Quick Answers:

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

Oklahoma Motor Vehicle Division

2501 Lincoln Blvd.

Oklahoma City, Oklahoma 73194

Telephone: (405) 521-3221

Fee for search of records is $1.00.

Security Interests:

Shown on title held by debtor.

Recording Requirements:

Per the Uniform Commercial Code (UCC) adopted in January, 1963: Recorded with County Clerk in county where debtor resides or where property is located.

Recovery Requirements:

As per the UCC, repossession is allowed and permitted as long as it is peaceful.

Redemption Requirements:

No provisions.

Deficiency Requirements:

Confession of judgment notes invalid.

Special Motor Vehicle Provisions:

No provisions.

Documents Required to Transfer Ownership of Motor Vehicle:

Title in lienholder's or debtor's name, certified copy of lien instrument, affidavit of repossession, Bill of Sale.

Documents Required for Liquidation:

Out of state titles must be in the name of lienholder. In Oklahoma copy of a security agreement (certified), lien released or repossession title in the name of lienholder.

Plates:

Remain with the vehicle.

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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