Virginia Repossession Laws / Recovery Requirements

Quick Answers:

 

Where do I refer to for Title or License Registration?

For state Title and License Information, refer to:

 

Virginia Department of Motor Vehicles

P.O. Box 27412

Richmond, Virginia 23269

 

Telephone: (804) 367-0538

 

Fee for search of records is $5.00.

Security Interests:

Shown on title held by lienholder.

 

Recording Requirements:

Per the Uniform Commercial Code adopted January, 1967: Recorded in office of Clerk of the Circuit Court of the county where property is located, if it is located in a city, then with the Clerk of the Corporation Court.

Recovery Requirements:

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

Redemption Requirements:

The State allows the debtor ten (10) days to redeem.

Deficiency Requirements:

Judgment notes are valid. Taking does not bar suit for price and vice-versa.

Special Motor Vehicle Provisions:

Liens must appear on the certificate itself and no other recording is necessary.

Documents Required to Transfer Ownership of Motor Vehicle:

Title in lienholder’s name.

 

Documents Required for Liquidation:

If Virginia title, must be in the name of the lienholder. Will accept repossession affidavit from other states.

 

Plates:

Remain with the owner / debtor, and are transferable.

 


 

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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