This page will provide an overview of Virginia's Repossession Laws and what you should know if you've fallen behind on car payments. Use our library of forms to quickly fill and sign your Virginia Department of Motor Vehicles forms online.Vehicle repossession laws in Virginia are fairly simple. 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 agents work on commission. Use the Repossession Processing window to record the repossession status of vehicles. Use the Repossession Processing window to record the repossession status of vehicles. Vehicle repossession, within the past two years? If so, fill out our convenient online financing application. Of law, to include repossession of a vessel for nonfulfillment of contract.