Michigan
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| 2010 |
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| Title State |
License and Registration information refer to: Michigan Bureau of Driver and Vehicle Records, 7064 Crowner Drive, Lansing, Michigan 48918. Tel.: (517) 322-1460. Fee for search of records: $6.00 per item. |
| Recording |
With Registrar of Deeds in county where mortgagor resides or where property is located. A financing statement required to be recorded with Registrar of Deeds and must be noted on the Certificate of Title as well. Uniform Commercial Code adopted January, 1964. |
| Recovery |
Peaceful repossession permitted. |
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| Redemption |
Fifteen days after repossession. |
| Deficiency |
Permitted if security agreement so provides and if notice and sale provision of act is followed. |
| Special Motor Vehicle Provisions |
Affidavit of lien filed with Secretary of State and lien noted on Certificate of Title. Comprehensive Motor Vehicle Retail Installment Act in force. |
| Documents Required to Transfer Ownership of Motor Vehicle |
Application for title in lienholder's name, certified copy of contract, notarized Power of Attorney, affidavit of repossession. PLATES: Remain with the owner. |
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