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Oregon Repossession Laws

With our Oregon clients in mind we recently compiled a new repo resource, which has all of the relevant repossession rules and regulations pertaining to property recovery in the state.

Specifically, for repossession in the state of Oregon, it is necessary for anyone to know that the security interests are shown on title of the lien-holder. Also, the license plates are required to remain with the vehicle unless custom ordered. Also, repossession recovery is only allowed so long as there is not a disturbance of the peace. For license registration, you can contact the Oregon Motor Vehicle Division at (503) 945-5310. And, any out of state titles are required. Repossession certificate in the name of the lien holder, the original title endorsed by the lien holder, notarized affidavit of repossession and a copy of the final demand letter are required for liquidation to be obtained.

We hope to provide repo help for you in the state of Oregon on everything from medical devices to everyday vehicles. We will also surely process your property from the repossession to its eventual re-selling. Furthermore, we will gladly manage the storage, inspection and appraisal of resale price for your recovered property quickly.

For additional info, call us today for a free consultation and quote. You can give us a call at 630-358-9434.

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

TITLE STATE: Yes
SECURITY INTERESTS: Shown on title held by lien holder.
LICENSE REGISTRATION: Oregon Motor Vehicle Division, 1905 Lana Ave. N.E., Salem, Oregon 97314. Tel: (503) 945-5310.
RECOVERY REQUIREMENT: As per UCC, Oregon repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Out of State Titles or Repossession certificates are required. Oregon titles require a repossession certificate. To transfer title to a repossessed vehicle, the documents needed are: (1) The Original Title endorsed by the lienholder; (2) Notarized Affidavit of Repossession; (3) A copy of the final demand letter with its certified mail receipt attached.
PLATES: Remain with the vehicle. (Custom plates remain with the debtor.)

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