Delaware Administrative Code
Title 2 - Transportation
2000 - Department of Transportation
2200 - Division of Motor Vehicles
Vehicle Services
2269 - Issuance of Through Title Repossession and Sale (Recourse) (Formerly Reg. No. 61)
Section 2269-2.0 - Repossession of Vehicle by Secured Party
Universal Citation: 2 DE Admin Code 2269-2.0
Current through Register Vol. 28, No. 3, September 1, 2024
When a vehicle for which a Delaware certificate of title has been issued is repossessed by a secured party pursuant to Delaware law, and the security agreement provides for recourse by the secured party against a vehicle dealer, and the security agreement is reassigned and the repossessed vehicle is transferred by the secured party to the dealer, then, in connection with a request to issue a certificate of title in the name of a purchaser of the vehicle, Form MV 518 (State of Delaware Certificate of Repossession and Sale (Recourse)) shall be completed in full by the secured party and the dealer as described in Paragraph 2.0 below.
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