The total processing time for a company application is approximately 4 months provided the application is complete and contains no deficiencies. Under California law, the creditor must send you and any co-signers a special post repossession notice.Credit Unions usually repo vehicles unless a reaffirmation agreement is signed and that they cannot repo until the automatic stay is lifted. I certify that I, or the firm, company, or corporation I am authorized to represent, am the legal owner within the meaning of California Vehicle Code. If you give the truck back to the lender, your credit report will show a "voluntary repossession. " It is precisely the same as any other type of repossession. This page will provide an overview of California's Repossession Laws and what you should know if you've fallen behind on car payments. I have read and agreed to the terms in the Agreement to Receive Disclosures Electronically. . Office of Equality Assurance. 1. You agree to follow up your call with notice in writing to us at: Technology Credit Union, PO Box 1409, San Jose, CA 951091409.