Maine Revised Statutes Title 29-A. Motor Vehicles § 702. Perfecting security interest

1. Valid against creditors, transferees and lienholders. A security interest in a vehicle for which a certificate of title is issued is not valid against creditors of the owner or subsequent transferees or lienholders unless perfected as provided in this subchapter.

2. Method. A security interest is perfected by the delivery to the Secretary of State of:

2-A. Lienholder registration. A lienholder who secures a lien on 15 or more titles annually is required to register with the Secretary of State for a lienholder identification number in accordance with rules adopted by the Secretary of State.

3. Date. A security interest is perfected as of the date of delivery under subsection 2.

4. Vehicle brought into State. If a vehicle is subject to a security interest when brought into this State, the perfection, effect of perfection and priority of the security interest is determined in accordance with Title 11, Article 9-A, Part 3.  1

5. Vehicles located outside State and registered in State. If a vehicle is located outside this State and is not the subject of a valid certificate of title issued by another jurisdiction, upon registration of the vehicle in this State, the provisions of this chapter on perfection of a security interest apply. Notwithstanding Title 11, Article 9-A, Part 3, perfection under this subchapter remains valid until the certificate issued by this State is surrendered for retitling in another jurisdiction.