Learn more about Nevada's repossession laws, what Nevada repo agents can and cannot do, and what happens after the car is taken away. Wrongful Repossession in Nevada​​ NRS Section 598.092 makes it a deceptive trade practice to repossess a motor vehicle before the purchaser is legally in default.By signing this form, you give the DMV permission to debit your account for the payment amount on or after the indicated date. How to fill out the Repossession Affidavit Form for Nevada DMV? Facing repossession in Nevada? Our Bankruptcy attorney in Nevada can help protect your vehicle. You should be able to notify the DMV either on line or in person at a local office. A chargeoff means the lender assumes you won't repay the debt. Having a loan charged off does not mean you're off the hook for repayment. You may see as much as a 100point drop in your credit score and can have trouble securing a car loan in the future.