Tuesday, May 23, 2017

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Georgia Repossession Laws

With our Georgia clients in consideration, MLS has put together the free resource below, which includes most needed repossession rules relating to the state’s property recovery process.

To be more specific, in order for repossession to happen in Georgia, it is vital for you to know that the security interests will have to appear on the property title with the lienholder. Also to note, the license plates of the vehicle need to remain on it. Not to forget, repossession is only permitted if the peace is kept in the process of doing so. In addition, the registration data, can be found with the Georgia Motor Vehicle Division at (404) 362-6500. Furthermore, the title, copy of contract, bill of sale and affidavit of repossession must be presented for liquidation to take place.

At our repo company, we have pride in helping the state of Georgia with repossessions on medical equipment and real estate with many other items as well. It will be our pleasure to process your item from the repossession to its resale. Furthermore, we will also deal with the storage, inspection and appraisal of your recovered item.

Contact us today for a consultation and quote. You can also give us a call at (630) 358-9434.

TITLE STATE: Yes
SECURITY INTERESTS: Shown on title held by lien holder.
LICENSE REGISTRATION: Georgia Motor Vehicle Division, 270 Washington Street, Atlanta, Georgia 30334. Tel: (404) 362-6500.
RECOVERY REQUIREMENT: As per UCC, Georgia repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Title, copy of contract, bill of sale, affidavit of repossession (T-16). PLATES: Remain with the vehicle.

Constitution and Legislation

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Regulations and Other Agency Material

 

Additional State Equipment Repo Legal Resources

 

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