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Arkansas Repo Laws - Repossession Laws
Because the Repo Laws - Repossession Laws may change from time to time, please check the Arkansas Courts website for updated and complete Repo Laws - Repossession Laws in Arkansas.
Repo Laws - Repossession Laws in Arkansas:
Where do I refer to for Title or License Registration? For state Title and License Information, refer to:
Arkansas Office of Motor Vehicles P.O. Box 1272-MV Little Rock, Arkansas 72203
Telephone: (501) 682-4692
Fee for search of records is $1.00. Shown on title held by first lienholder.
Recording Requirements:
Recorded with County, District
Recorder of Deeds where debtor
resides or where property is
located. Uniform Commercial Code
adopted January, 1962.
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful.
Debtor can redeem ten days after
retaking or after judgment in
replevin.
Permitted in court proceedings of
foreclosure. Confession of judgment
notes invalid.
All liens on motor vehicles are
registered with Department of Motor
Vehicles. Lien appears on reverse of
title and is held by the first
lienholder. Certified title, registration certificate, certified copy of lien instrument and affidavit of repossession.
Documents Required for Liquidation: Certified copy of contract, title, repossession affidavit and application for title by the secured party.
Plates: Remain with the owner / debtor.
All recovery requirements and fess are current as of 2002.
RepoLaws.info does not warrant the accuracy of these Repo Laws - Repossession Laws or recovery requirements. The Repo Laws - Repossession Laws or recovery requirements listed on RepoLaws.info are only a starting point for reference, and are not meant to be legal advice or a replacement for legal console. Please consult a repo company in your area, county, or state if you have any questions about repossession there. |