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.The lender or leaseholder can repossess the car even if you are only a few weeks behind in your payments and even without any notice to you. Charles, who has cancer, feels he cannot leave his heir a settlement with Harry that William cannot accept, so he needs William's approval. FAQs. If you're worried about how to get out of debt, here are some things to know — and how to find legitimate help. You'll avoid the costs of repossession and a negative entry on your credit report. What can I do if I can't pay my student loan? Fill in the debtor's name and the vehicle's details. Adobe Reader may be required for your browser or you may need to download the form to complete it properly. Generic. The lender (also called a lienholder) has a security interest in the car.