Delaware Repossession Laws / Recovery Requirements

Quick Answers:

 

Delaware Division of Motor Vehicles

Wilmington: (302) 434 3200
Delaware City: (302) 326 5000
Dover: (302) 744 2500
Georgetown: (302) 853 1000

https://www.dmv.de.gov/

 

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.

 

Redemption Requirements:

Required if you default on the balloon payment.

 

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 vehicle.

 


 

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

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