Kansas Repossession Laws – State & Local Collateral Recovery Legal Requirements
As reported by the American Recovery Association, Inc. (ARA).
Kansas Repossession Laws
TITLE STATE: Yes
SECURITY INTERESTS: Shown on title held by lien holder.
LICENSE REGISTRATION: Kansas Division of Vehicle, Docking State Building, Topeka, Kansas 66626-0001. Tel: (785) 296-3621.
RECOVERY REQUIREMENT: Regarding Kansas repossession please be advised that the Transportation Division of the Kansas Corporation Commission (“Transportation Division” and “Commission” respectively) is authorized by statute to take administrative action against entities that knowingly utilize for-hire motor carriers that do not have proper operating authority granted by the Commission. In particular, the Transportation Division may take action against Banks, Credit Unions, or lending institutions that utilize unlicensed motor carriers, wreckers, or tow trucks illegally operating as for-hire motor carriers, whether that transportation is intrastate or interstate. To verify status of Assignee, go to Kansas state website, www.kcc.state.ks.us/trans/mcsearch.cgi. After 20 day “Right to Cure” letter from lien holder to debtor, repossession allowed without committing a breach of peace. (Applicable only once during term of security agreement.) Not applicable to any “substantial impairment” such as lack of insurance, etc.
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 debtor.