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Colorado Repossession Laws Quick Answers: Where do I refer to for Title or License Registration? For state Title and License Information, refer to: 1881 Pierce Street
Lakewood, Colorado
Phone: (303) 205-5607
Fax: (303) 205-5978
Hours of Operation:
8:00 a.m. to 5:00 p.m.
Mail Correspondence to:
Division of Motor Vehicles
Department of Revenue
Registration Section
Denver, Colorado 80261-0016 ---- For all other inquiries, the main office location of the Colorado Division of Motor Vehicles is
1881 Pierce St.
Lakewood, CO 80214
Hours of Operation:
Monday - Friday, 8:00 a.m. - 5:00 p.m. Telephone: (303) 205-5600
Security Interests: Shown on title held by lienholder. Recording Requirements: Must be recorded in the County Recorders office where buyer resides or where property is located. Uniform Commercial Code adopted July, 1966.
Recovery Requirements: As per the UCC, repossession is allowed and permitted as long as it is peaceful, after 20 Day Right to Cure Letter from lienholder to debtor (except skips, leases, lack of insurance or third party possession). The Debtor must be sent a Consumer's Right to Cure allowing debtor 20 days to bring account current.
Redemption Requirements: No redemption after foreclosure.
Deficiency Requirements: Deficiencies are permitted and confession of judgment notes do not render the note illegal.
Special Motor Vehicle Provisions: Liens on motor vehicles, in order to be effective as to third parties, must appear on title. This is in lieu of general recording. Secretion or concealment of mortgaged property is a crime.
Documents Required to Transfer Ownership of Motor Vehicle: Repossession title in name of lienholder which is then signed off before release. Documents Required for Liquidation: Repossession title is issued to lien-holder only. Title and DR412 (Repossession Affidavit) and Application for New Title. Lien-holder may sell vehicle without first applying for new title. Plates: Remain with the owner / debtor. All recovery requirements and fees are current as of 2002.
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What is the law in Colorado for car repossession?
In Colorado, a lender cannot repossess a car until the borrower is in default, which typically means missing a payment. The lender must provide the borrower with a right to cure notice giving them a chance to catch up on payments before repossession. Repossession agents must also follow regulations including not breaching the peace during the repossession process.
What happens if you hide a vehicle from repossession in colorado?
You are guilty of grand theft auto.
What is Florida repossession law?
on products, not vehicles
What is the Statute of Limitations on Liability on a Repossession in Colorado?
All states vary and Im not sure about Colorado but the nom. is 7-10 years.
What is the car repossession law in Arizona?
check with your court house.
If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?
If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?
When was Law Week Colorado created?
Law Week Colorado was created in 2002.
Can a repo take place at your work in Florida?
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
Does the University of Colorado at Boulder have a law school?
Yes. The University of Colorado at Boulder has a law school.
When was University of Colorado Law School created?
University of Colorado Law School was created in 1892.
Can a car repossession in Colorado receive a judgment in Illinois you lived in co worked and bought the car in co the car was repossessed in Colorado and you moved to Illinois after that?
You can run but you can't hide.
What are my rights for auto reposession in Colorado?
The car company generally has to give you notice before going through with a repossession. Also, they should give you the opportunity to pay the outstanding bill before resorting to a repossession.
