Maryland
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| 2010 |
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| Title State |
License and Registration information refer to: Maryland Motor Vehicle Administration, 6601 Ritchie Hwy. N.E., Glen Burnie, Maryland 21062. Tel.: (301) 729-4550. Fee for search of records: $2.00. |
| Recording |
With Clerk of Circuit Court in county in which mortgagor resides and with the Office of the Secretary of State. Uniform Commercial Code adopted February, 1964. |
| Recovery |
Peaceful repossession permitted. |
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| Redemption |
May redeem within 15 days after repossession. |
| Deficiency |
Permitted if contract or mortgage so provides. Confession of judgment notes are valid, but State statute provides that retaking bars suit for price and vice-versa. |
| Special Motor Vehicle Provisions |
To perfect lien, record same with Clerk of Circuit Court where mortgagor resides. |
| Documents Required to Transfer Ownership of Motor Vehicle |
Certificate of repossession where lienholder holds the Certificate of Title. Otherwise, copy of contract and Certificate of Repossession required, notarized Bill of Sale and notarized Power of Attorney. PLATES: Remain with owner and can be transferred to replacement vehicles of the same type. |
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