Looking for a reliable Michigan repossession service? We specialize in compliant and efficient recovery of vehicles across the state, following all Michigan title laws and repossession regulations.
Whether you’re a lender, credit union, or financial institution, our licensed agents handle each case professionally, ensuring lawful recovery, proper documentation, and timely reporting in accordance with Michigan state requirements.
Repossession and Title Guidelines – Michigan
Repossession Licensing & Registration in Michigan:
For details on licensing and registration, contact the Michigan Bureau of Driver and Vehicle Records at 7064 Crowner Drive, Lansing, MI 48918. This office oversees all repossession-related credentials for the state.
Recording Requirements:
A financing statement must be recorded with the appropriate county’s Registrar of Deeds—either where the borrower lives or where the collateral is located. This statement must also be reflected on the vehicle’s Certificate of Title. Michigan has followed the Uniform Commercial Code since January 1964.
Vehicle Recovery Process:
Repossession is allowed as long as it is conducted peacefully.
Redemption Period:
Borrowers in Michigan have 15 days following the repossession to redeem the vehicle.
Deficiency Rules:
Deficiency claims are permitted, provided the original agreement includes such a clause and the repossession and sale comply with applicable notice requirements.
Motor Vehicle-Specific Regulations:
An Affidavit of Lien must be filed with the Michigan Secretary of State. The lien will be officially recorded on the vehicle’s title. Michigan also enforces the Comprehensive Motor Vehicle Retail Installment Sales Act.
Required Documentation for Title Transfer Post-Repossession:
The lienholder must submit the following: a completed title application in their name, a certified copy of the original contract, a notarized power of attorney, and a properly completed affidavit of repossession.
Handling of License Plates:
Plates must remain either with the vehicle’s owner or the party repossessing the vehicle.