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Maryland Repossession Laws

Anyone in need of repo services in Maryland take a look at the repo resource we have compiled, including all relevant repossession rules and regulations of the property recovery process.

First, you should know that in the Maryland, it is important to have security interests appear on title held by debtor, while the notice of security interest is held by the lienholder. Also, license plates must remain with the debtor as well. And, repossession recovery is only allowed in a peaceful setting. For registration, you can contact the Maryland Motor Vehicle Administration at (410) 768-7000. Also lastly, title, notice of security interest, affidavit of repossession, and application for title are all required for liquidation.

In our repo business, we take pride when providing the state of Maryland with repo services on many things from equipment to vehicles. Also we will gladly process your property from the repossession to its re-marketing. And furthermore, we will take care of storage, inspection and appraisal for your equipment.

For more and a free consultation and quote, you can also give us a call at (630) 358-9434.  

 

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

Maryland Repossession Laws
TITLE STATE: Yes
SECURITY INTERESTS: Title held by debtor. Notice of security interest filing held by lien holder.
LICENSE REGISTRATION: Maryland Motor Vehicle Administration, 6601 Ritchie Hwy. N.E., Glen Burnie, Maryland 21062. Tel: (410) 768-7000.
RECOVERY REQUIREMENT: As per UCC, Maryland repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Title, Notice of Security Interest Filing VR-104 (Certificate of Repossession) VR-5 (Application for Title).
PLATES: Remain with the debtor.

Constitution and Legislation

 

Judicial Opinions

 

Regulations and Other Agency Material

 

Additional State Equipment Repo Legal Resources

 

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