Missouri Repossession Laws

Security Interests:

Shown on title held by owner of the collateral.

Recording Requirements:

Per the Uniform Commercial Code (UCC) adopted in July, 1965: Ownership documents, lien perfection, security agreement filed by lienholder with Department of Revenue, Bureau of Motor Vehicles.

Recovery Requirements:

As per the UCC, repossession is allowed and permitted as long as it is peaceful, after a Twenty Day Right To Cure Letter from lienholder to debtor. One time cure law in effect in Missouri; all others per contractual agreement.

Redemption Requirements:

Ten (10) days.

Deficiency Requirements:

Permitted.

Special Motor Vehicle Provisions:

Liens are noted on Certificate of Title.

Documents Required to Transfer Ownership of Motor Vehicle:

Assigned Certificate of Title; certified copy of security agreement, affidavit of repossession and notarized Bill of Sale.

Documents Required for Liquidation:

Affidavit of Repossession and Application for Missouri Title.

Plates:

Remain with the owner / debtor.

Kansas Repossession Laws

Security Interests:

Shown on title held by lienholder.

Recording Requirements:

Uniform Commercial Code (UCC) in effect. Liens on motor vehicle must be on title.

Recovery Requirements:

Kansas cure law in effect, all others per contractual agreement. As per the UCC, repossession is allowed and permitted as long as it is peaceful, after a 20 day "Right to Cure" letter from lienholder to debtor. (Applicable only once during the term of security agreement.) Not applicable to any "substantial impairment" such as lack of insurance, etc.

Redemption Requirements:

Ten day redemption.

Deficiency Requirements:

Judgment notes are invalid but deficiency is permitted if lien instrument so provides.

Special Motor Vehicle Provisions:

No provisions.

Documents Required to Transfer Ownership of Motor Vehicle:

Title reduced to lienholder's name -- or will accept lien signed off; copy of contract; odometer statement; and notarized Bill of Sale.

Documents Required for Liquidation:

No out of state repossession affidavits are accepted. Repossession affidavit may accompany Kansas title and an application for title together with a certified copy of the Security Agreement to the vehicle.

Plates:

Remain with the owner / debtor.