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. Complete this form and bring it with the license plates, if any, to any Motor Vehicles office.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 occurs when your lender seizes this asset because you defaulted on what you owe. Cars are the most commonly repossessed assets. The following are guidelines to help you formulate a repossession policy for the credit union to follow. A repossession typically stays on your credit report for up to seven years, so a big part of restoring your credit afterward is just waiting. Is your car about to be repossessed in Queens? Call our vehicle repossession lawyer at the Law Office of Seni Popat today for dedicated legal support. Give us a call at (718) 340-3385 or fill out a contact form for a free case evaluation.
