Certificate of Repossession
The Certificate of Repossession is used when applying for a car title in the primary lien holder name following the statutory redemption period for repossession of a car, boat or manufactured home.
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When a motor vehicle, watercraft or home is repossessed by a creditor or lender due to late payments on the debt, bankruptcy or a deficiency judgement, ownership can be transferred to a different party after a specific period of time. According to the law, after the repossession notice has been served and the waiting period is over, the property repossession form can be submitted.
Need something different? Check out this vehicle condition repossession app.
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