Legal Question in Credit and Debt Law in Maine
snowmobile repo
I wish to repossess a snowmobile that another party is holding. In the Forcible Entry and Detainer for Personal Property Complaint Form it talks about a Notice to Quit. Do I need to serve this notice in Maine
Asked on 1/01/09, 9:21 am
1 Answer from Attorneys
Jerome Gamache
Ainsworth Thelin & Raftice, P.A.
Re: snowmobile repo
You do need to send a notice of some sort indicating that a default has occurred, providing for an opportunity for the loan to be cured, and further notice of accelerating of the total balance and likely repossession. Typically there would be a requirement to do so under the Note or security Agreement. Retain proof of the mailing and a coopy of the notice for the Court. This will serve as a notice to quit which is used in a landlord-tenant situation.
Answered on 1/05/09, 6:44 am