A repossession is when a lienholder seizes ownership of a vehicle for breach of a security agreement (usually non-payment of the loan) 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. Find answers to some of the most common repossession law questions including what you should do after a car repossession in Massachusetts. Edit, sign, and share notice of repossession form online. No need to install software, just go to DocHub, and sign up instantly and for free. Yes. Before repossessing a consumer's vehicle, a creditor has to send a notice to the borrower or else they cannot lawfully proceed with the repossession. In the lifecycle of a repossession, there are three types of notices. 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.
