Section 15 Repossessed Title

• Library: Tax Law 2009

When a debt is secured by a security agreement or other contract for security on a motor vehicle, the holder may obtain a certificate of ownership from the Director upon presentation of:

• an application on the Director’s prescribed form, describing the vehicle and giving its vehicle identification number

• a “notice of lien receipt or the original certificate of ownership reflecting the holder’s lien”; and

• an affidavit of default and statement that the holder has repossessed the vehicle either by...