Chapter 8, Section C:|
Title After Repossession
Revised September 9, 2008
Titling in Name of Repossessor Not Required
Vehicle titles from all
states, which are accompanied by repossession documents, shall be
accepted for transfer and registration without requiring that the repossessor title in his name before resale. However, if a repossessor wishes to
title the vehicle in his name, he may acquire a “Title Only.”
Requirements for titling a vehicle after repossession:
- Original Certificate of
This document must indicate the lien of the repossessor on the
face of the title.
- Affidavit of Repossession
The applicant must
submit the Affidavit of Repossession (MVD-10012) completed by the repossessor.
- Release of Lien
The lien holder reflected on the title
must sign a release of lien before the title can be transferred.
- Odometer Disclosure Statement (MVD-10187)
NHTSA 49 U.S.C. 32701-711, the Federal statute that establishes
requirements for odometer requirements for odometer disclosure, and
NHTSA’s odometer disclosure regulations (49 CFR Part 580) do not
require an odometer statement disclosure statement from the debtor
when a vehicle is repossessed. (NHTSA interpretation file #98).
An odometer reading is also not required for off-highway motor vehicles
A National Crime Information Center (NCIC) check is required (PQU#68).
- Bill of Sale
If the applicant has purchased the vehicle from the repossessor, the assignment on the back of the
title may be completed,
or a “Bill of Sale” form (MVD-10009) must be completed.
Note: In situations where the lien holder has undergone a name
change (example from Bank of America to Norwest Bank) a letter
of explanation is required.