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. California law permits cars to be repossessed after one late or missed loan payment.Cars may be repossessed after missed insurance payments as well. Edit, sign, and share repossession hold harmless agreement pdf online. No need to install software, just go to DocHub, and sign up instantly and for free. Our consumer protection lawyer in Los Angeles answer the most common questions. Explore California's repossession laws and learn how to protect your rights when it comes to vehicle repossession in California. You have a right to request proof that the individual carrying out the repossession is currently licensed as a repossession agency, qualified manager, or agent. Edit:Idk if this helps but I am in a 2 year contract that ends in February. Tow does not arise out of the conduct of the owner or operator of the vehicle.