Notice of Repossession of a Motor Vehicle or Motorcycle
This form is used to notify the New York State Department of Motor Vehicles about the repossession of a motor vehicle or motorcycle. It requires specific actions to be taken by the repossessor within certain time frames. The form must be completed and submitted to the DMV along with the vehicle's license plates.
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How do I fill this out?
To fill out this form, you'll need to provide detailed information about the repossessed vehicle and follow specific steps to notify the appropriate parties. Make sure to complete all required fields and submit the form along with the vehicle's license plates. Follow the instructions carefully to avoid any penalties.
How to fill out the Notice of Repossession of a Motor Vehicle or Motorcycle?
1
Immediately notify the police agency in the locality where the repossession occurred.
2
Within 11 days, deliver or mail the completed form and license plates to any Motor Vehicles office.
3
Notify the vehicle owner of the repossession within 24 hours.
4
Complete the form and bring it with the license plates to any Motor Vehicles office.
5
Forward the Owner Copy to the vehicle owner.
Who needs the Notice of Repossession of a Motor Vehicle or Motorcycle?
1
Vehicle repossessors need this form to comply with the legal requirements after repossessing a vehicle.
2
Dealers who have repossessed a vehicle need this form to avoid penalties and possible suspension of their dealer's license.
3
Vehicle owners who have had their vehicle repossessed need this form to receive notification of the repossession.
4
Motor vehicle offices need this form to process the repossession and update their records.
5
Police agencies need this form to be notified of repossessions within their locality.
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What are the instructions for submitting this form?
Submit the completed Notice of Repossession form and license plates to any New York State Department of Motor Vehicles (DMV) office within 11 days. You can deliver the form and plates in person or mail them by first-class mail (not to the Title Bureau). Notify the vehicle owner within 24 hours of the repossession and ensure the form is properly signed and all required fields are completed. It is advised to keep a copy of the submitted form and confirmation of submission for your records.
What is the purpose of this form?
The purpose of this form is to notify the New York State Department of Motor Vehicles (DMV) about the repossession of a motor vehicle or motorcycle. By completing and submitting this form, the repossessor ensures legal compliance with Vehicle and Traffic Law Section 425. It also provides necessary information to update DMV records and notifies relevant parties, including the vehicle owner and police agency, about the repossession.
Tell me about this form and its components and fields line-by-line.
- 1. Year and Make of Vehicle: Specify the year and make of the repossessed vehicle.
- 2. Vehicle Identification Number: Provide the vehicle identification number (VIN).
- 3. Model: Indicate the model of the repossessed vehicle.
- 4. State Last Registered: Enter the state where the vehicle was last registered.
- 5. Plate Number: Provide the license plate number of the repossessed vehicle.
- 6. Body Type: Specify the body type of the repossessed vehicle.
- 7. Color: Indicate the color of the repossessed vehicle.
- 8. Month and Year of Expiration: Provide the month and year of the vehicle's registration expiration.
- 9. Date of Repossession: Enter the date when the repossession occurred.
- 10. Name and Address of Registrant: Provide the name and address of the vehicle's registrant.
- 11. Name & Address of Lienholder Authorizing Repossession: Indicate the name and address of the lienholder authorizing the repossession.
- 12. Name and Address of Owner: Provide the name and address of the vehicle owner.
- 13. Name and Address of Repossessor: Enter the name and address of the repossessor.
- 14. Name and Address of Police Agency Notified: Provide the name and address of the police agency notified about the repossession.
- 15. Signature of Representative From Lienholder or Repossessor: The representative from the lienholder or repossessor must sign the form.
- 16. Locality Where Repossession Occurred: Specify the locality where the repossession took place.
- 17. Date Police Agency Notified: Enter the date when the police agency was notified.
What happens if I fail to submit this form?
Failing to submit this form can result in penalties and legal complications. Vehicle and Traffic Law Section 425 outlines the consequences of non-compliance, which may include fines and other sanctions.
- Fines: A fine of up to $150 can be imposed for failing to deliver the license plates to a Motor Vehicles office within 11 days.
- Dealer Penalties: Dealers may face a fine of up to $1,000 and/or suspension or revocation of their dealer's license for non-compliance.
- Legal Violations: Non-compliance with Vehicle and Traffic Law Section 425 is considered a violation, which can lead to further legal actions.
How do I know when to use this form?
- 1. Vehicle Repossession: Use this form to report the repossession of a motor vehicle or motorcycle to the DMV.
- 2. Notification to Police: Notify the police agency in the locality where the repossession occurred using this form.
- 3. DMV Submission: Submit the completed form and license plates to any Motor Vehicles office.
- 4. Owner Notification: Notify the vehicle owner about the repossession within 24 hours.
- 5. Compliance with Legal Requirements: Ensure compliance with Vehicle and Traffic Law Section 425 by using this form.
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