Massachusetts title, and repossession requirements:
Massachusetts Repossession Title State: Repossessor Licensing and Repossessor Registration information refer to: Massachusetts Registry of Repo Motor Vehicles, Title Division, 1135 Tremont, Boston, Massachusetts 02120. Tel.: (617) 351-9550. Fee for Repossessor title search: $5.00.
Massachusetts Repossession Recording: Security interest and lien perfected upon delivery of application for title (MV-1). A lien holder protects his security interest by filing an application for Massachusetts Repossession title and showing himself as a creditor or lien holder on the application.
Massachusetts Repossession Recovery: A Right to cure law is in effect for all Massachusetts contracts. Vehicles cannot be repossessed from property owned or rented by the debtor.
Massachusetts Repossession Redemption: After the repossession of a vehicle the debtor must be sent a notice by certified mail, return receipt requested, outlining the lien holder’s redemption requirements; including the lien holder’s intent to sell collateral either at public auction or by private sale, if the requirements are not fulfilled within twenty working days.
Massachusetts Repossession Deficiency: If less than two thousand dollars, none. At time of default, if more than two thousand dollars, deficiency allowable.
Massachusetts Repossession Documents Required to Transfer Ownership of Motor Vehicle: Massachusetts is a title state and requires that a lien holder who appears on the issued title, surrender it with the appropriate endorsement and release of lien on the reverse side of title, together with an affidavit of repossession, certified notarized copy of contract, and notarized Bill of Sale, to be given to purchaser when selling a vehicle in Massachusetts, also a notarized Power of Attorney to Agent handling repo sale.
Massachusetts Repossession Plates: Must remain with owner. If on vehicle at time of repossession, mailed back to owner within 48 hours or repossessor.