Repossession Order Template For Georgia
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FAQ
Under Georgia state law, the auto lender can seize the borrower's car anytime after a payment is late. They don't need to give you notice. Once your auto vehicle is taken, the lender has to mail you a notice within 10 days explaining that your automobile has been repossessed.
Supporting Document(s) - An Affidavit of Repossession (Form T-16) must be completed and signed by the repossessor. An affidavit of repossession from another state is acceptable if it contains all of the required information and is signed by the repossessor with his or her signature notarized.
Under Georgia state laws, if you delay your car payments or your loan contract defaults, the car lender has the right to repossess the car. The creditor can take your car once you default on the debt or even go to the extent of suing you for the remaining debt you owe them.
Purpose of this Affidavit: This affidavit is to be used by a repossessor to certify that a motor vehicle has been repossessed because of the vehicle owner(s)' failure to meet his/her obligation for settlement of a lien or security interest on said vehicle.
Once your auto vehicle is taken, the lender has to mail you a notice within 10 days explaining that your automobile has been repossessed. The notice will explain how you have to pay off the loan and repo fees if you want your car back. It will also tell you how long you have to get your car back.