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Puerto Rico Repossession Laws
Quick Answers:
Where do I refer to for Title or
License Registration?
For state Title and License Information,
refer to:
Directoria Servicio Al Conductor
P.O. Box 41243
Minillas Station, Santurce, P.R.
00940-1243.
Recording Requirements:
Liens on motor vehicles must be
recorded at the Department of Motor
Vehicles where owner resides.
Recovery Requirements:
Debtor required to sign a voluntary
surrender prior to lienholder taking
possession or replevin judgment
granted through legal action for
possession of collateral.
Redemption Requirements:
Thirty (30) days.
Deficiency Requirements:
Only permitted if collateral seized
through legal action and after the
sale.
Special Motor Vehicle Provisions:
Certificate of Title and
registration bears lien.
Documents Required to Transfer
Ownership of Motor Vehicle:
Title in lienholder's name and
certification of repossession
notarized.
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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