With Clerk of Circuit Court where property is first located. Uniform Commercial Code adopted January, 1967. Peaceful repossession permitted. Debtor can redeem only prior to sale or foreclosure by payment of entire balance. Confession of judgment invalid in foreclosure proceedings.
Court can enter deficiency judgment.
Sworn notice of lien must be filed with Commissioner of Motor Vehicles and will appear on title in lieu of general recording statute. Title must be reduced to lienholder's name. Remain with the owner.