1. Complete Lienholder Certification and Signature section. 2. Have application notarized. 3.This page will provide an overview of Massachusetts' Repossession Laws and what you should know if you've fallen behind on car payments. You should review your loan agreement for the terms of default, but some contracts define default occurring when you have failed to make one or more payments. Edit, sign, and share repossession hold harmless agreement pdf online. No need to install software, just go to DocHub, and sign up instantly and for free. If you don't make your car payments on time, your lender might have the right to take your car without going to court or telling you first. Repossession occurs when a creditor or lender takes back a vehicle from a customer who has fallen behind on loan payments. Use the Repossession Processing window to record the repossession status of vehicles. Find answers to some of the most common repossession law questions including what you should do after a car repossession in Massachusetts.
