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. Repossessed from Owner (Borrower) Name: Address.This form serves as a legal declaration of vehicle repossession in California. Who needs to fill out this form? The total processing time for a company application is approximately 4 months provided the application is complete and contains no deficiencies. The Electronic Registration and Title (ERT) System allows you to complete and print an Application for Vehicle Transaction(s) (VSD 190). This page will provide an overview of Illinois' Repossession Laws and what you should know if you've fallen behind on car payments. There are several options available, including voluntary surrender, loan reinstatement, or repossession and liquidation of the collateral on a delinquent loan. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. 03. Share your form with others.