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Oregon Repossession Laws
Quick Answers:
Where do I refer to for Title or
License Registration?
For state Title and License Information,
refer to:
Oregon Motor Vehicles Division
ATTN: Record Services
1905 Lana Avenue, N.E.
Salem, Oregon 97314
Telephone: (503) 945-5000
Fee for license or registration
information is $4.00.
Security Interests:
Shown on title held by lienholder.
Recording Requirements:
All motor vehicles (except boats)
are titled and all records kept with
the Motor Vehicle Department.
Recovery Requirements:
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful.
Redemption Requirements:
Creditor may demand loan balance
plus expenses. Ten day redemption
period for the balance is required.
Deficiency Requirements:
Suit is permitted only if the loss
exceeds $2500.00 per party to the
security agreement. (i.e. husband &
wife increases loss requirement to
$5000.00.
Special Motor Vehicle Provisions:
Liens must be registered with the
Department of Motor Vehicles and
appear on the face of the
certificate of title.
Documents Required to Transfer
Ownership of Motor Vehicle:
Lien released from title;
repossession affidavit; copy of
final demand letter and certified
mail receipt as proof of mailing;
Bill of Sale.
Documents Required for
Liquidation:
Out of State Titles or Repossession
certificates are required. Oregon
titles require a repossession
certificate. To transfer title to a
repossessed vehicle, the documents
needed are: (1) The Original Title
endorsed by the lienholder; (2)
Notarized Affidavit of Repossession;
(3) A copy of the final demand
letter with its certified mail
receipt attached.
Plates:
Remain with the
vehicle (except custom license
plates, which remain with 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.
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