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. It outlines the necessary steps for declaring repossession in California. 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. The name and address of the legal owner of such vehicle at the time of repossession;. D. The name and address of the person or agency repossessing the vehicle;. If you miss a payment or just paid a partial payment, they will come out and Repo the vehicle.