2023 Alaska Repossession Laws

Alaska Repossession Laws

RepoRant is NOT a legal service and is providing the following for informational purposes only.  This is NOT legal advice and you should always speak directly with a certified Alaska lawyer to help you with any Alaska Repossession Law decisions.

Alaska Repossession Law states that your possessions can be repossessed under the following conditions:

·        Repossession in AK can happen when you have signed an agreement while using the property as collateral for the loan.

·        If you fail to honor the loan agreement terms, then the property may be put up for repossession immediately.

·        The majority of lenders will have you acknowledge this in your loan papers, such as a car loan which could lead to an Alaska auto repossession.

·        The majority of Alaska Repossessions are car repossessions or truck repossessions, but can really be any Alaska vehicle repossession this is encumbered with a loan.

·        This could include RV repossession, Motorcycle repossession, ATV repossession, Boat repossession, or even Airplane repossession.

·        While Alaska vehicle repossessors have many rights under the law to recover your vehicle, they do have to adhere to certain rules limiting how and where they can repossess your property.

·        An Alaska repossession agent may not enter your home uninvited to recover your property.

·        Alaska repossession agents may not use violence in any way to repossess your vehicles, or other property.

·        Repossessions in Alaska cannot happen when a repo agent has tricked you into bringing your vehicle into a shop and then repossessing it after you've left.

·        However, if you bring it in on your own, then the repo agent does have the right to come take your car or truck up for repo.

·        Alaska repossession agencies do NOT need to notify you prior to repossessing your vehicle.

·        There does not have to be a court hearing in Alaska in order for a lending company to repossess your car or truck.

·        Mortgage lenders are not able to repossess a house in Alaska.

·        Alaska repossession law requires that homes be placed into foreclosure and then auctioned if the loan cannot be paid.


How to get your Alaska car, or truck repossession back from the repo agency after it has been repossessed:

·        Alaska repossession laws dictate that a lender must mail all borrowers of a repossessed vehicle a notice stating that you have the right to retrieve (redeem) your car or truck once you have satisfied all of the outstanding issues related to the vehicle repossession.

·        The notice from the Alaska repo company will inform you of when you must redeem your repossessed vehicle by before it is to be sold at auction.

·        You may be required by the lender to pay off the entire loan amount of the repossessed vehicle before getting the car or truck back.

·        Alaska repossession laws do not allow you to file for bankruptcy to avoid repossession of your vehicle.

·        It is always advisable to contact an Alaska certified attorney to help you with your decisions related to Alaska repossession laws.

Alaska repossession laws allow you to retrieve your personal belongings from your repossessed vehicle:

·        The Alaska repossession company will inform you of how to retrieve any personal items from the repossessed vehicle.

·        Alaska repossession laws allow repossession companies to remove all loose items from the car or truck and store them at cost to you.

·        You will be given an appointment with the Alaska repossession company to come redeem your property and/or your repossessed vehicle.

·        If the Alaska repossession company does not allow you the opportunity to retrieve your property which was located in the repossessed car or truck, then you may contact the lender who you received the loan from and inform them what items you need back.

If you don't pay for your Alaska repossessed vehicle, it may be sold at auction:

·        Alaska repossession laws allow the lender to sell your repossessed vehicle at auction if you do not redeem it by their deadline.

·        After the sale of your car repossession, the lender will send you another notice informing you what your repossessed vehicle sold for.

·        The notice will inform you what the balance is between what you owed on the repossessed vehicle and what it was sold for at auction.

·        Alaska repossession laws allow the lender to collect the remaining difference from you if the auction price of the repossessed car or truck did not cover the full balance of the loan.

You have options under Alaska repossession laws if the lender tries to collect the loan balance from you:

·        If the lender sues you for the balance of the loan on your repossessed car or truck, you may have valid defenses and/or counterclaims to what they are suing you for.

·        Be sure to review all Alaska repossession laws first.

·        If by Alaska repossession law you find that the lender and/or the Alaska repossession company did not properly inform you via written notice of your rights and deadlines/fees, then you may have a claim against them.

·        Alaska repossession laws also protect you from the unreasonable sale of your repossessed vehicle at auction.

·        This means that if your repossessed vehicle is sold well under the appropriate auction value, then you may not be responsible for the full balance against your loan.

As always, be sure to contact a certified Alaska lawyer to help you with all Alaska Repossession Laws.


It is not a requirement to have a lawyer for repossession in Alaska, but it can be beneficial to have legal representation in certain situations. For example, a lawyer can help you understand your rights and the repossession laws in Alaska, as well as negotiate with the lender or creditor on your behalf. They can also represent you in court if the case goes to litigation.

If you are facing repossession in Alaska and are unsure of your rights or options, it can be a good idea to consult with a lawyer who specializes in this area. They can advise you on the best course of action and help protect your interests.


Also, it is important to note that Alaska has a set of strict rules and regulations regarding the repossession process, and a lawyer can help ensure that the lender or creditor follows these rules and does not engage in any illegal practices during the repossession process.