With regard to Connecticut requirements our company has put together the free information below, including all relevant rules and regulations about to the Connecticut's repo system.
In the state of Connecticut, security interests must appear on a title in the hands of the first lien holder. The license plates also are to stay with the borrower, and repossession recovery can only occur if there is not a disruption of peace, and a ten-day notice before seizure or fifteen-day redemption period must be given. For license registration, you can contact the Connecticut Department of Motor Vehicles at 1-800-842-8222. Lastly, there needs to be an affidavit of repossession, title and Q-1 form required for liquidation to be in effect.
At MLS, it is our pleasure to provide those that live in Connecticut with repossessions. Many of our clients come from the state and we look forward to serving many others in the future. For such clients we work on everything from real estate to personal vehicles. Additionally, we will process your repo starting with the initial seizure to the item's re-marketing. Furthermore, we will provide storage, inspection and appraisal for your recovered item.
For a free quote, give us a call today at (630) 358-9434.
As reported by the American Recovery Association, Inc. (ARA).
Connecticut Equipment Repossession Laws
TITLE STATE: Yes.
SECURITY INTERESTS: Shown on title held by first lien holder.
LICENSE REGISTRATION: Connecticut Department Motor Vehicle, 60 State Street, Wethersfield, Connecticut 06109. Tel: (860) 566-4710. Toll Free 1-800-842-8222.
RECOVERY REQUIREMENT: Must be peaceful. Ten day notice before taking is permitted but not required. If not given, fifteen day period for redemption must be given. Connecticut Repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Affidavit of Repossession, Certificate of Title, Q-1 form to transfer.
PLATES: Remain with debtor.