This is to certify that the undersigned has repossessed the motor vehicle described above because of the failure of the former. Name and Address of Repossessor.It certifies that a vehicle has been repossessed due to the former owner's failure to fulfil their financial obligations under a lien or security interest. This page will provide an overview of Alabama's Repossession Laws and what you should know if you've fallen behind on car payments. ➢ Federal Truth in Mileage Act; odometer certification; completing a title assignment; Forms: Reassignment Supplement Form MVT 8-3,. Repo's Allowed: After 20 day "Right to Cure" letter from lienholder to debtor, repossession allowed without committing a breach of peace. Even if you successfully complete a voluntary repossession, the payments you missed on the auto loan will still appear on your credit report. All other repossessions - 1) Renunciation; 2) Non-Judicial Sale or Repossession and Retention (M. Your account number is provided with the loan details in the welcome letter that you receive in the mail after your new loan is funded. 1. Enter the lienholder's name and address.