The total processing time for a company application is approximately 4 months provided the application is complete and contains no deficiencies. I certify that I, or the firm, company, or corporation I am authorized to represent, am the legal owner within the meaning of California Vehicle Code.If you get behind on your car payments or don't have auto insurance, the loan company can take your car. This is called vehicle repossession. This page will provide an overview of California's Repossession Laws and what you should know if you've fallen behind on car payments. GenStar offers specialized coverage for repossession operations. If you don't make your car payments on time, your lender might have the right to take your car without going to court or telling you first. California law permits cars to be repossessed after one late or missed loan payment. Cars may be repossessed after missed insurance payments as well. You should use this form when engaging a repossession agency to recover a vehicle on behalf of a creditor.