Title 2 Transportation
Vehicle Services
2267 Issuance of Certificates of Title on Repossessed Vehicles (Formerly Reg. No. 56)
This policy becomes effective immediately. All policies, procedures, memorandums, and forms regarding "repossession" vehicles and titles issued previously are repealed, effective immediately.
1.0 Procedures
When a vehicle has been repossessed by a secured party and subsequently sold, assigned and transferred to a purchaser for value, the selling secured party shall complete the back of the Delaware certificate of title (as the transferor) and submit the title and completed Form No. 195 Repossession Certificate. No MV 212A Title Application is required. The secured party's lien as shown on the face of the title must be properly satisfied.
2.0 Duplicate Title
If the secured party has lost the Delaware certificate of title for a vehicle which has been repossessed by such secured party, the secured party must file a completed Application for Duplicate Title (Form MV 213) to be issued in the name of the secured party. Also, a Repossession Certificate (Form 195) must be submitted with all items completed.
3.0 Exception
This procedure shall not apply to those repossessed vehicles for which the liens have not been entered against the title pursuant to Chapter 23, Title 21 of the Delaware Code.
