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. Edit, sign, and share repossession online.No need to install software, just go to DocHub, and sign up instantly and for free. How do I fill this out? California law permits cars to be repossessed after one late or missed loan payment. Cars may be repossessed after missed insurance payments as well. All other bids were rejected. Similarly a provision in a conditional sales contract which provides for repossession and resale without terminating the buyer's obligation has been upheld. Similarly a provision in a conditional sales contract which provides for repossession and resale without terminating the buyer's obligation has been upheld. If you do reach an agreement, ask the creditor to send it to you in writing.