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Delaware Repossession Laws

Considering the people of the state of Delaware, here is an informational resource, with all the relevant regulations about the state’s repo property system.

Furthermore, in order for repossessions to be permitted in Delaware, the security interests must be shown on the title of the first lienholder. also, any plates are required to stay with the vehicle. And such a property recovery is only allowed with community peace remaining intact. To obtain registration information, you can call the Delaware Division of Motor Vehicles at (302) 739-2500, and you should note that an affidavit of repossession and copy of contract are required for liquidation purposes.

At our repo company, we aim to provide our clients in Delaware with repossessions on most things from minor equipment to real estate. What's mote, we gladly process any equipment from the initial repo to resale, and, we take care of everything in between for your recovered equipment.

For more information and a free consultation, call us today at (630) 358-9434.  

 

As reported by the American Recovery Association, Inc. (ARA).

Delaware
TITLE STATE: Yes.
SECURITY INTERESTS: Shown on title, held by first lien holder.
LICENSE REGISTRATION: Delaware Division of Motor Vehicles, Administration Office. Post Office Box 698, Dover, Delaware 19903. Tel: (302) 739-2500.
RECOVERY REQUIREMENT: As per UCC, Delaware repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Title. Repossession Affidavit (MV-195), copy of contract.
PLATES: Remain with the vehicle.

Constitution and Legislation

 

Judicial Opinions

 

Regulations and Other Agency Material

 

Additional State Asset Repossession Legal Resources

 

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