Wyoming Automobiles and Repossession

<body> <p>You have reached a non-frames version of a page at LAWDOG Center® If your browser supports frames, select view in frame below. </p> <p align="center"> </p> <div align="center"><center><table border="0" width="500" bgcolor="#FFFFFF"> <tr> <td width="463" height="44"><strong><a Name="Links"></a>| <small><a href="#Title Registration">Title Registration</a> || <a href="#Forms and Contact">Forms and Contact</a> ||  <a href="#Consumer Credit">Consumer </small><br> <small>Credit</a> || <a href="#Dealer Licensing">Dealer Licensing</a> || <a href="#Federal Rules">Federal Rules </a>|| <a href="#Other">Other</a></small> | </strong></td> </tr> <tr> <td width="463" height="57"><table border="1" width="100%" bgcolor="#000068" height="40"> <tr> <td width="100%"><big><strong><font color="#FFFFFF">Automotive LAWDOG Wyoming</font></strong></big></td> </tr> </table> </td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="22"><img src="kelley2.gif" alt="kelley2.gif (9886 bytes)" align="left" WIDTH="430" HEIGHT="60"></td> </tr> <tr> <td width="463" height="22"><div align="center"><center><table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Title Registration"><font color="#FFFFFF"><strong>Title Registration</strong></font></a></td> <td width="50%"><font color="#FFFFFF"><strong><a href="#Links">Top</a></strong></font></td> </tr> </table> </center></div></td> </tr> <tr> <td width="463" height="22">1998 <a href="http://legisweb.state.wy.us/titles/98titles/sub31.htm">Wyoming</a> Statutes Title 31 Motor Vehicles from The Wyoming State Legislature</td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="22"><font color="#FF0000"><strong>Transfer Requires Certificate,  </strong></font>Except as otherwise provided for dealers, and transfers by operation of law, owner who transfers interest in vehicle for which certificate of title has been issued, must endorse an assignment and warranty of title upon certificate, with a statement of liens and encumbrances thereon. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="463" height="22"><font color="#FF0000"><strong>Subscribed and Presented To County Clerk</strong></font> The assignment, warranty and statement must be subscribed and acknowledged by owner before a notary public, with certificate dated and delivered to transferee at time of delivering the vehicle. Except for transactions involving dealers, transferee must present the certificate to a county clerk and apply for new certificate of title for the vehicle generally within Forty-five (45) days. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="463" height="22"><font color="#FF0000"><strong>Licensed Dealer</strong></font> If transferee is a licensed dealer who holds vehicle for resale, procures certificate of title from transferor, and operates vehicle only for demonstration purposes under dealer license plates, the dealer is not required to obtain a new certificate of title, but may transfer vehicle by assignment and warranty of title upon the certificate of title, and deliver the certificate to a subsequent transferee. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="463" height="22"><font color="#FF0000"><strong>Damage Disclosure Statement </strong></font>Prior to sale, transfer or trade-in of a motor vehicle, seller, transferor or trader of vehicle must provide transferee with an accurately completed damage disclosure statement. The transferee, when applying for a certificate of title for vehicle pursuant to W.S. 31-2-103, must submit an accurately completed damage disclosure statement to county clerk. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="463" height="22"><strong><font color="#FF0000">Statement or Waiver</font></strong> If transferee is not provided with or cannot obtain a properly executed damage disclosure statement from transferor, he may sign a release and waiver. Except as provided by subsection, no certificate of title will be issued unless damage disclosure statement or purchaser's release accompanies application. Subsection does not apply to vehicles with more than ten (10) years of service, or to vehicles with certificates which indicate vehicle has been rebuilt, reconstructed. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="463" height="22"><strong><font color="#FF0000">Certain Damage Over $4,000</font></strong>  Only damage in excess of four thousand dollars ($4,000.00) per incident must be disclosed on form. "Damage" means any damage caused to vehicle by fire, vandalism, collision, weather or submersion in water, but does not include normal wear and tear, glass damage, mechanical repairs or electrical repairs that have not been caused by fire, vandalism, collision, weather or submersion in water. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="33"><table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Forms and Contact"><font color="#FFFFFF"><strong>Forms and Contact</strong></font></a></td> <td width="50%"><font color="#FFFFFF"><strong><a href="#Links">Top</a></strong></font></td> </tr> </table> </td> </tr> <tr> <td width="463" height="22"><a href="http://wydotweb.state.wy.us/">Wyoming Dept. of Transportation</a> <br> 5300 Bishop Boulevard, P.O. Box 1708, Cheyenne, Wyoming 82003. Tel.: (307) 777-4716</td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="55"><table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Consumer Credit"><font color="#FFFFFF"><strong>Consumer Credit</strong></font></a></td> <td width="50%"><font color="#FFFFFF"><strong><a href="#Links">Top</a></strong></font></td> </tr> </table> </td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="22"><a href="http://legisweb.state.wy.us/titles/98titles/title40/t40chp14.htm">Wyoming</a> <font face="Verdana" size="1"><strong>Uniform Consumer Credit Code</strong></font></td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="55"><table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Dealer Licensing"><font color="#FFFFFF"><strong>Dealer Licensing</strong></font></a></td> <td width="50%"><font color="#FFFFFF"><strong><a href="#Links">Top</a></strong></font></td> </tr> </table> </td> </tr> <tr> <td width="463" height="22">Dealer Licensing <a href="http://soswy.state.wy.us/cgi-win/sscgi_3.exe?2937">Rules</a> </td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="55"><table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Federal Rules"><font color="#FFFFFF"><strong>Federal Rules</strong></font></a></td> <td width="50%"><font color="#FFFFFF"><strong><a href="#Links">Top</a></strong></font></td> </tr> </table> </td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="55"><table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Other"><font color="#FFFFFF"><strong>Other</strong></font></a></td> <td width="50%"><font color="#FFFFFF"><strong><a href="#Links">Top</a></strong></font></td> </tr> </table> </td> </tr> <tr> <td width="463" height="22"></td> </tr> <tr> <td width="463" height="19"><font color="#ff0000"><strong><small>Copyright © 1998 by LAWDOG.COM Publishing, Inc.</small></strong></font></td> </tr> <tr> <td width="463" height="48"><table border="0" width="100%"> <tr> <td width="50%"><img SRC="nudocr8.gif" ALT="LAWDOG® Image" WIDTH="80" HEIGHT="60"></td> <td width="50%"><img src="dsclm5.gif" alt="dsclm5.gif (3069 bytes)" WIDTH="250" HEIGHT="40"></td> </tr> </table> </td> </tr> <tr> <td width="463" height="24"><div align="center"><center><table> <tr> <td width="100%"><p align="center"><font face="Arial, Helvetica, sans-serif" size="-1"><a href="../../legal/crta249.htm" target=" top " ">terms of use</a> | <a href="../lawdog/index.htm">lawdog center®</a> | <a href="st1.htm" target="_top">state center</a> | <a href="mailto:support@lawdog.com">e-mail</a> | <a href="sta1.htm" target="_top">view in frame</a></font></td> </tr> </table> </center></div></td> </tr> </table> </center></div><p align="center"> </p> <div align="center"><center><table border="0" width="75%"> <tr> <td width="100%"><small><a Name="Links"></a>| <a href="#Perfection of Lien"><b>Perfection</b></a> || <a href="#Possession and Sale"><b>Possession and Sale</b></a> || <a href="#New Title and Plates"><b>New Title<br> and Plates</b></a> || <a href="#Other Issues"><strong>Other</strong> <strong>Issues</strong></a> || <strong><a href="http://www.kbb.com/">Kelley Blue Book</a></strong> | </small></td> </tr> <tr> <td width="100%"></td> </tr> <tr> <td width="100%"> <table border="1" width="100%" bgcolor="#000068" height="40"> <tr> <td width="100%"><big><strong><font color="#FFFFFF">LAWDOG Wyoming Repossession</font></strong></big></td> </tr> </table> </td> </tr> <tr> <td width="100%"> <table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Perfection of Lien"><font color="#FFFFFF"><b>Perfection of Lien</b></font></a></td> <td width="50%"><a href="#Links"><strong>Top</strong></a></td> </tr> </table> </td> </tr> <tr> <td width="100%"></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Lien Statement Sworn</strong></font>   In order to have a perfected lien pursuant to this title, a lien claimant shall file with the county clerk a lien statement sworn to before a notary public. The county clerk shall file the statement and index by date, name of claimant and property owner, and legal description. The lien statement and abstracts shall contain as appropriate the information as listed in section. A lien statement must also disclose whether lien claimant was in possession of property at time the lien statement was filed or if owner consented to filing of lien. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title29/t29chp1.htm">29-1-301</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Perfection By Notation on Certificate</strong></font> A lien statement relating to a motor vehicle or other property, title to which is evidenced by a certificate of title, is not valid as to the motor vehicle or property unless county clerk concurrently with filing of lien statement places on certificate of title an appropriate notation showing the date, amount of lien and name of lien claimant. Each notation after the first must be accompanied by additional fee to county clerk. If the county clerk issues the certificate of title, he shall immediately endorse the same encumbrance data on the certificate copy on file in his office. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title29/t29chp7.htm">29-7-103</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Certificate In Other County</strong></font> If the certificate is issued in some other county or state the county clerk shall promptly transmit to the state or county officer who issued the certificate of title the same encumbrance data. The other county officer shall promptly place the data on the certificate copy on file in his office. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title29/t29chp7.htm">29-7-103</a></td> </tr> <tr> <td width="100%"></td> </tr> <tr> <td width="100%"><table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Possession and Sale"><font color="#FFFFFF"><b>Possession and Sale</b></font></a></td> <td width="50%"><a href="#Links"><strong>Top</strong></a></td> </tr> </table> </td> </tr> <tr> <td width="100%"></td> </tr> <tr> <td width="100%"><strong><font color="#FF0000">Possession Without Breach of Peace</font></strong> Unless otherwise agreed a secured party has, on default, the right to take possession of the collateral. In taking possession secured party may proceed without judicial process if this can be done without breach of the peace. If not, a legal action may proceed. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-503</a></td> </tr> <tr> <td width="100%"><strong><font color="#FF0000">Right to Redeem</font></strong>  At any time before the secured party has disposed of collateral or entered into a contract for its disposition under section 34.1-9-504 or before obligation has been discharged under section 34.1-9-505(b), debtor or any other secured party may, unless otherwise agreed in writing after default. redeem the collateral by tendering fulfillment of all obligations secured by collateral, expenses reasonably incurred by secured party in retaking, holding and preparing for disposition, arranging for sale, and to extent provided in agreement and not prohibited by law, reasonable attorneys' fees and legal expenses. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-506</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Compulsory Sale </strong></font>If a debtor has paid sixty percent (60%) of the cash price in case of a purchase money security interest in consumer goods or sixty percent (60%) of the loan in case of another security interest in consumer goods, and has not signed. after default, a statement renouncing or modifying rights under this part a secured party who has taken possession of collateral must dispose of it under section 34.1-9-504, and if secured party fails to do so within ninety (90) days after he takes possession the debtor at his option may recover in conversion or undersection 34.1-9-507(a) on secured party's liability. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-505</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Acceptance As Satisfaction</strong></font> In any other case not involving consumer goods 60% rule, a secured party in possession may, after default, propose to retain the collateral in satisfaction of the obligation. Written notice of the proposal shall be sent to debtor if debtor has not signed, after default, a statement renouncing or modifying rights under this subsection. In the case of consumer goods no other notice need be given. In other cases notice shall be sent to any other secured party from whom the secured party has received, before sending notice to debtor or before renunciation of rights, written notice of claim of interest in the collateral. If secured party receives objection in writing from a person entitled to receive notice within twenty-one (21) daysafter notice sent, secured party must dispose of collateral under section 34.1-9-504. If no written objection is received, secured party may retain the collateral in satisfaction of the obligation. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-505</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Sale and Application of Proceeds</strong></font> A secured party after default may sell, lease or otherwise dispose of any or all of the collateral in its then condition or following any commercially reasonable preparation or processing. Any sale of goods is subject to the UCC article 2 on sales. The proceeds of sale are applied in the order following to reasonable expenses of retaking, holding, preparing for sale or lease, selling, leasing and the like and, to extent provided for in agreement and not prohibited by law, reasonable attorney's fees and legal expenses incurred by secured party. Proceeds would then be applied to satisfaction of debt secured by security interest under which sale is made. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-504</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Subordinate Liens</strong></font> If any proceeds remain, they would next apply to satisfaction of debt secured by any subordinate security interest in the collateral, if written notice of demand is received before distribution of proceeds is completed. If requested by secured party, holder of a subordinate security interest must seasonably furnish reasonable proof of interest, and unless he does so, secured party need not comply with demand. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-504</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Accounting and Deficiency</strong></font> If the security interest secures an indebtedness, thesecured party must account to the debtor for any surplus, and, unless otherwise agreed, the debtor is liable for any deficiency.But if the underlying transaction was a sale of accounts orchattel paper, the debtor is entitled to any surplus or is liablefor any deficiency only if the security agreement so provides. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-504</a></td> </tr> <tr> <td width="100%"><strong><font color="#FF0000">Public or Private Sale After Notice</font></strong> Disposition of the collateral may be by public or private proceedings and may be   at any time and place and on any terms, but every aspect of disposition including method, manner, time, place and terms must be commercially reasonable. Unless collateral is perishable or threatens to decline speedily in value, reasonable notice of time and place of any public sale or of the time after which any private sale is to be made must be sent by secured party to debtor, if debtor has not signed, after default, a statement renouncing or modifying right to notice of sale. In the case of consumer goods no other notice need be sent. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-504</a></td> </tr> <tr> <td width="100%"><strong><font color="#FF0000">Notice To Subordinate Lienholder</font></strong> In other cases notice must be sent to any other secured party from whom secured party has received,  before sending notice to debtor or before renunciation of rights, written notice of claim of interest in the collateral. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title341/9.htm">34.1-9-504</a></td> </tr> <tr> <td width="100%"><a href="http://legisweb.state.wy.us/titles/98titles/sub341.htm">Title 34.1 UCC</a></td> </tr> <tr> <td width="100%"><table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="New Title and Plates"><font color="#FFFFFF"><b>New Title and Plates</b></font></a></td> <td width="50%"><a href="#Links"><strong>Top</strong></a></td> </tr> </table> </td> </tr> <tr> <td width="100%"></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Transfer By Operation of Law</strong></font> In the event of a transfer by operation of law of an interest in vehicle, such as an order in bankruptcy, execution sale, or repossession upon default in performance of terms of a lease or sales contract, the administrator, trustee, sheriff, creditor or other representative or successor in interest of person whose interest is transferred, must forward to county clerk an application for certificate of title, with a verified or certified statement of the transfer of interest. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Verified or Certified Statement of Transfer of Interest </strong></font>The statement must set forth the reason for involuntary transfer, the interest transferred, name of transferee, the process or procedure effecting the transfer, and other information requested by county clerk. Evidence and instruments otherwise required by law to effect a transfer of legal or equitable title to or an interest in a vehicle in such cases shall be furnished with statement. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Deficiency and Strict Compliance</strong></font> If a transfer of title to a creditor is accomplished in accordance with this subsection, a creditor retains the right to seek any deficiency balance which may exist after sale, provided creditor has complied with all applicable law, and the transfer by itself is not considered a strict foreclosure or an election to retain the collateral in satisfaction of an obligation as provided by W.S. 34.1-9-505(b) and does not affect the debtor's right to redeem the collateral under W.S. 34.1-9-506. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Notice To Other Security Interests</strong></font> If from records of the county clerk there appears to be any lien on vehicle, which was recorded prior to lien of creditor applying for title, and which has not been released, the certificate of title must contain a statement of the lien. The creditor repossessing and applying for title to vehicle must notify all persons holding liens on vehicle by certified mail, return receipt requested, at least fifteen (15) days prior to filing the application for title. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="100%">Any proceeds fom the sale, lease or other disposition of the vehicle must be distributed in accordance with the provisions of Wyoming Statutes 34.1-9-504(a) and (b). See above.</td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Banks and Auctioneers</strong></font> The requirement under section to deliver a certificate of title to transferee at time vehicle is delivered, does not apply to transferor if transferor transfers vehicle in the course of business as an auctioneer of vehicles, or through an auctioneer, and certificate of title is held by bank or other financial institution on date vehicle is delivered. Title may also be held until funds have been collected. On date vehicle is delivered, transferor or an auctioneer of vehicles must deliver a signed, notarized bill of sale to the transferee in substantially the form provided in section. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="100%"><font color="#FF0000"><strong>Damage Disclosure Statement </strong></font>Prior to sale, transfer or trade-in of a motor vehicle, seller, transferor or trader of vehicle must provide transferee with an accurately completed damage disclosure statement. The transferee, when applying for a certificate of title for vehicle pursuant to W.S. 31-2-103, must submit an accurately completed damage disclosure statement to county clerk. See Wyoming Statutes <a href="http://legisweb.state.wy.us/titles/98titles/title31/t31chp2.htm">31-2-104</a></td> </tr> <tr> <td width="100%"></td> </tr> <tr> <td width="100%"> <table border="0" width="100%"> <tr> <td width="50%" bgcolor="#FF0000"><a name="Other Issues"><font color="#FFFFFF"><strong>Other Issues</strong></font></a></td> <td width="50%"><a href="#Links"><strong>Top</strong></a></td> </tr> </table> </td> </tr> <tr> <td width="100%"></td> </tr> <tr> <td width="100%"><font color="#ff0000"><strong><small>Copyright © 1998 by LAWDOG.COM Publishing, Inc.</small></strong></font></td> </tr> <tr> <td width="100%"><table border="0" width="100%"> <tr> <td width="50%"><img SRC="nudocr8.gif" ALT="LAWDOG® Image" WIDTH="80" HEIGHT="60"></td> <td width="50%"><img src="dsclm5.gif" alt="dsclm5.gif (3069 bytes)" WIDTH="250" HEIGHT="40"></td> </tr> </table> </td> </tr> <tr> <td width="100%"><div align="center"><center><table> <tr> <td width="100%"><p align="center"><font face="Arial, Helvetica, sans-serif" size="-1"><a href="../../legal/crta249.htm" target=" top " ">terms of use</a> | <a href="../lawdog/index.htm">lawdog center®</a> | <a href="st1.htm" target="_top">state center</a> | <a href="mailto:support@lawdog.com">e-mail</a> | <a href="sta1.htm" target="_top">view in frame</a></font></td> </tr> </table> </center></div></td> </tr> </table> </center></div> </body>