In the state of South Carolina, residents can now look at the free repo resource we have created, which has all relevant repossession rules and regulations pertaining to the state’s property repo requirements.
Also please note that for a repossession to take place in the South Carolina, the security interests are shown on title held by the lien holder. Additionally, the plates are to remain with the borrower. Also, repo recovery is only allowed as long as there is no a disturbance in communial peace after a 21-day Right to Cure letter is issued. For license registration, you can contact the South Carolina Division of Motor Vehicles at (803) 251-2950. And, a notarized Bill of Sale, Title and Repossession Affidavit are required for liquidation to be obtained.
At our business, the great staff takes pride in assisting with South Carolina repossession services on everything from autos to medical items . We will process your equipment from the initial repo to the eventual re-selling of it. Also, we will gladly take care of storage, inspection and get it ready for the resale of your recovered equipment.
For us to better illustrate please contact us today for a consultation and quote. You can give us a call at (630) 358-9434. We look forward to hearing from you.
As reported by the American Recovery Association, Inc. (ARA).
South Carolina Repossession Laws
TITLE STATE: Yes
SECURITY INTERESTS: Shown on title held by lien holder.
LICENSE REGISTRATION: South Carolina Division of Motor Vehicles, P.O. Box 1498, Columbia, South Carolina 29216. Tel: (803) 251-2950.
RECOVERY REQUIREMENT: After Twenty Day Right to Cure Letter from lienholder to debtor, South Carolina repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Notarized bill of sale, title and repossession affidavit.
PLATES: Remain with debtor.