Midwest Lenders Services is a nationwide repo company which works for clients in all fifty states. With over 30 years experience in the industry, we often serve clients in the state of Alabama.
Pertaining to Alabama residents, we offer a free resource (below), including the most relevant rules and regulations pertaining to the state’s repossession system. For a repossession to occur in Alabama, you must know the security interests are to appear on the title with the lienholder. In addition, the license plates are to remain with the debtor. And, repossession recovery is only allowed as long as there is no disturbance of the peace.
Additionally, license registration can be done by contacting the Division of Motor Vehicles in the state of Alabama at (334) 242-9000. Also, an affidavit document of repossession is required for liquidation to occur. At our company, we take a lot of pride in providing the state of Alabama with repo services relating to many things, from medical equipment to real estate. What's more, we will even process your repo up to the time for its re-marketing. Furthermore, we will gladly store, inspect and resell your equipment in the process. Contact us today for a no obligation consultation and quote. You can call us at (630) 358-9434.
TITLE STATE: 1975 and subsequent years.
SECURITY INTERESTS: Shown on title held by lien holder.
LICENSE REGISTRATION: Alabama Motor Vehicle Division, P.O. Box
327640, Montgomery, Alabama 36132-7640. Tel: (334) 242-9000.
RECOVERY REQUIREMENT: As per UCC, Alabama repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: MVT-15-1 (Repossession Affidavit) and original released title
PLATES: Remain with the debtor.