Quick Answers:
Colorado Department of Revenue: Division of Motor Vehicles
Division of Motor Vehicles
1881 Pierce St.
Lakewood, Colorado 80214
Telephone Number: (303) 205-5600
Are Repossessions Allowed?
Yes, as long as there is no breach of peace.
Security Interests:
Shown on title. Held by lienholder.
Recovery Agent Licensing:
None required at this time. However, a $50,000 bond must be filed with the state.
Redemption Requirements:
There is a 10-day period where the debtor has a right to redeem.
Deficiency Balance:
The debtor can be liable for any deficiency.
Title State:
Required for all vehicles that are moved or driven on highways. Boats are exempt.
Plates:
Remain with the debtor / individual.
QuickRepo.com does not warrant the accuracy of these laws. The laws listed on QuickRepo.com 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 service there. We are not responsible for any inaccuracies or any actions taken by anyone following the information listed here.
View repo laws at RepoLaws.info and repossession laws at RepossessionLaws.info