I certify that I am the legal owner and a lienholder of record for the vehicle described above, that the vehicle is physically located in. Abandoned Vehicle Application, 46-4402, For any person having possession of an abandoned vehicle to submit an application to MVD.The Arizona Repossession Affidavit form, officially known as form 48-0902, is a crucial document used in the repossession process. Repossession of Property Financing occurs when you buy property (a vehicle, mobile home or furniture) but do not pay the entire sales price at once. If you can't pay the entire amount due on the loan in a certain time period (usually 10 days), the creditor can then take back, or repossess, the property. Repo's Allowed: Yes, As per UCC, repossession allowed without committing a breach of the peace. The lender might call that the "deficiency". ☐ The lien holder seized said vehicle without process of law on. Under authority of the conditions of the lien contract. If the creditor has a secured interest in the vehicle, they have the right to conduct a repossession once the consumer enters into default.
