No. INSTRUCTIONS > Lenders must complete boxes. If Lender is selling vehicle, Purchaser information is required in boxes. BORROWER. LENDER.Complete this form and bring it with the license plates, if any, to any Motor Vehicles office. The following are guidelines to help you formulate a repossession policy for the credit union to follow. If the title is in your name and there is no lien holder, no one can legally take the car. The bill of sale is not necessary. Learn about repossession laws from the NYC Bar Legal Referral Service. Find an attorney in New York. The following are the most common ways that we see finance companies and repossession agents breach the peace during a vehicle repossession. The date of the sales contract should be used as the purchase date. •.