North Dakota Repossession Laws / Recovery Requirements

Quick Answers:

 

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

 

North Dakota Motor Vehicle Department

608 East Boulevard Avenue

Bismarck, North Dakota 58505

 

Telephone: (701) 328-2725

 

Fee for search of records is $3.00.

Security Interests:

Shown on title held by lienholder.

 

Recording Requirements:

Per the Uniform Commercial Code (UCC) adopted in July, 1966: Filed in the office of the Registrar of Deeds in the county where property is situated. All liens must appear on title.

Recovery Requirements:

As per the UCC, repossession is allowed and permitted as long as it is peaceful.

Redemption Requirements:

Permitted within 5-15 days after recovery (Check Uniform Commercial Code for details).

Deficiency Requirements:

Retaking bars suit for price and vice-versa; under conditional sale contract, no provisions. Confession of judgment notes are invalid.

Special Motor Vehicle Provisions:

No provisions.

Documents Required to Transfer Ownership of Motor Vehicle:

Affidavit of repossession on approved form, certificate of title signed off and notarized Bill of Sale.

 

Documents Required for Liquidation:

Title, Repossession Affidavit.

 

Plates:

Remain with the owner / debtor, and are transferable (for a fee).

 


 

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. All recovery requirements and fees are current as of 2002.

View repo laws at RepoLaws.info and repossession laws at RepossessionLaws.info

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