Quick Answers:
Where do I refer to for Title or License Registration?
For state Title and License Information, refer to:
Oklahoma Motor Vehicle Division
2501 Lincoln Blvd.
Oklahoma City, Oklahoma 73194
Telephone: (405) 521-3221
Fee for search of records is $1.00.
Security Interests:
Shown on title held by debtor.
Recording Requirements:
Per the Uniform Commercial Code (UCC) adopted in January, 1963: Recorded with County Clerk in county where debtor resides or where property is located.
Recovery Requirements:
As per the UCC, repossession is allowed and permitted as long as it is peaceful.
Redemption Requirements:
No provisions.
Deficiency Requirements:
Confession of judgment notes invalid.
Special Motor Vehicle Provisions:
No provisions.
Documents Required to Transfer Ownership of Motor Vehicle:
Title in lienholder’s or debtor’s name, certified copy of lien instrument, affidavit of repossession, Bill of Sale.
Documents Required for Liquidation:
Out of state titles must be in the name of lienholder. In Oklahoma copy of a security agreement (certified), lien released or repossession title in the name of lienholder.
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. All recovery requirements and fees are current as of 2002.
View repo laws at RepoLaws.info and repossession laws at RepossessionLaws.info