<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".07" citation="COMAR 11.15.14.07" title_num="11" subtitle_num="15" chapter_num="14" heading="Vehicles Being Titled Because of Repossessions.">
  <paragraph num="A.">
    <text>An applicant for a certificate of title for a vehicle which has been repossessed shall provide the Administration with:</text>
    <paragraph num="(1)">
      <text>A Notice of Security Interest Filing form;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>An out-of-State title or other ownership document acceptable to the Administration;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>A certification of repossession;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>An assignment of ownership or bill of sale;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>An odometer disclosure certification as required by COMAR 11.13.06;</text>
    </paragraph>
    <paragraph num="(6)">
      <text>A condition report; and</text>
    </paragraph>
    <paragraph num="(7)">
      <text>An application for a certificate of title.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>The Administration shall refuse to issue a certificate of title if the:</text>
    <paragraph num="(1)">
      <text>Required documents are not furnished or information is incomplete;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Lien holder was a dealer or someone other than a bona fide lending institution and a clear copy of the lien contract is not furnished;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Lien holder was not holding first position and a previous lien holder has not been released;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Vehicle was not titled in the debtor's name and the lien holder cannot furnish a copy of the contract;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Vehicle is titled in Maryland, but the security interest has not been perfected and the applicant cannot furnish a copy of a contract;</text>
    </paragraph>
    <paragraph num="(6)">
      <text>Applicant is not the secured party shown on the title and cannot furnish an assignment of lien;</text>
    </paragraph>
    <paragraph num="(7)">
      <text>Applicant is a dealer but the lien contract does not state that the dealer has full recourse for the secured party named in the contract;</text>
    </paragraph>
    <paragraph num="(8)">
      <text>Vehicle was titled out of State and the forms required by that state for repossession have not been furnished; or</text>
    </paragraph>
    <paragraph num="(9)">
      <text>Lien contract does not contain:</text>
      <paragraph num="(a)">
        <text>The signature of all vehicle owners;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>A full description of the vehicle; and</text>
      </paragraph>
      <paragraph num="(c)">
        <text>A notation of the security interest.</text>
      </paragraph>
    </paragraph>
  </paragraph>
</regulation>