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  • Affidavit Of Repossession

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Certify that all facts set forth herein are true and correct and further certify that the holders of other unsatisfied liens recorded against this vehicle on the records, Department of Motor Vehicles, Blythewood, S.C., have been duly notified to protect their interest in the vehicle, if any, and this is to certify that the undersigned has repossessed the motor vehicle described below because of the failure of the former owner to meet this obligation for settlement of a lien or mortgage.

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The state of Kentucky allows a lender to sell the vehicle they repossessed from you at an auction, given you do not redeem it within their set deadline. Lenders may either decide to keep your car as compensation for your debt or resell it.

Legible copy of contract between the repossessor and the person from whom the vehicle was repossessed. The contract must list the vehicle as collateral showing a complete description of the vehicle, year, make, and VIN (vehicle identification number), and signed by the party from whom the vehicle was repossessed.

If you are in default, but can gather money, you may be able to reinstate or renegotiate the loan. To reinstate the loan, you must get the agreement of your creditor and pay off everything you owe. If you renegotiate the loan, be aware of additional fees and unfavorable terms. Get any agreement in writing.

§ 10-1-36[1] provides the respective rights of the buyer and seller following the repossession of a motor vehicle sold under a retail installment contract. O.C.G.A. §§ 44-12-131 and 44-12-138 cover repossession of motor vehicles following a title pawn transaction.

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.

A repo agency can only charge you a storage fee for your personal items if you don't collect them right away and instead wait several weeks. That is why it's important to contact the repo agent immediately after you receive a repossession notice.

Texas repossession laws require a lender to have a valid lien on the vehicle to repossess without a court order. In other words, you must have pledged the car as loan collateral for the lender to have a lien that covers it. In many cases, individuals use a vehicle as collateral to obtain a loan for its purchase.

Bankruptcy Can Stop Car Repossession in Georgia By filing for bankruptcy on your behalf, a good Georgia bankruptcy attorney will be able to get an automatic stay that will stop the lender from repossessing your car without permission from the bankruptcy court.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232