Complete this form and bring it with the license plates, if any, to any Motor Vehicles office. Repo's Allowed: If repossession discussed with debtor the secured party must give a ten-day notice otherwise peaceful repossession allowed.Here's what to do if you can't make car payments or if your car is repossessed. Obtaining a repossession title involves completing specific paperwork to transfer ownership from the previous owner to the lienholder. Learn more about New York's repossession laws, what New York repo agents can and cannot do, and what happens after the car is taken away. There's something else that the other answers haven't addressed: Time. As in, the time it takes to process a vehicle. If you want to enroll your business in the Trust Fund, complete the Trust Fund Enrollment Form (download Form). When you default on your auto loan, your lender can call in the repo man. A default can happen as soon as you miss a payment.
