Forms MV-217 and MV-217A. If the lender agrees, you can reinstate the car loan before the vehicle is sold, if you: Catch up on all the payments you're behind on,.You got a letter about insurance for a car that's been taken back. You have to give a copy of the repossession letter from the dealership or bank. The money the creditor acquires from a sale will be applied to the borrower's debt. Pay the owner the amount due. Interested parties can fill out a bid sheet and submit it to the Tax Claim Bureau for processing. Visit a motor vehicle agency to transfer the title, complete the Vehicle Registration Application (Form BA-49) if applicable, and receive the license plates. Other times, past due amounts, plus late and repossession fees may be accepted. To review the marked-up version, navigate to the form's page and click "download the marked-up version.
