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Repossession Certificates of Title |
Repossession Certificates of Title are issued to lien holders upon default of payment.
To obtain a Repossession Title, the lien holder must submit the following:
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The Certificate of Title showing the appropriately noted lien (the lien should not be released on the title document |
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A properly completed Affidavit of Ownership by Repossession |
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A completed Application for Certificate of Title |
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A copy of the lien instrument |
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A $10.00 title fee |
The date the Transfer of Ownership was recorded on the Affidavit of Repossession will be used as the purchase date when issuing the new Certificate of Title.