A repossession is when a lienholder seizes ownership of a vehicle for breach of a security agreement (usually non-payment of the loan) Complete this form to apply for, renew, replace, covert from out of state, or reinstate a learner's permit, driver's license, or Mass ID.Customer: I live in Massachusetts and my car was repossessed. It happened awhile ago and they let me pay the months that were past due. 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 Letter must include date of Repossession. Learn which items and income are "exempt" from creditors and what it means to be collectionproof. "Fair Market Value" Does Not Mean "Fair Market Retail Value": The Impact of Williams and Dellorusso on Repossession in Massachusetts. Repossession occurs when a creditor or lender takes back a vehicle from a customer who has fallen behind on loan payments. A Message from the Secretary of the Commonwealth.
