Repossession Affidavit. Lienholders use this form to report repossession of a vehicle or vessel.If you agree to give the vehicle back (called voluntary repossession), you may reduce your lender's expenses. You have the right to redeem the repossessed item up until it is sold or within 21 days of receiving notice that the creditor is going to keep it. Washington repossession laws allow you to get your car back before it's sold through a process called redemption. Use the Repossession Affidavit template to create a document without hassle and in minutes. Free industry forms that are downloadable, fillable, and printable in pdf format. Do you need a blue ID card? The Td 420 042 form, known as the Repossession Affidavit, serves a crucial role in the process of reporting the repossession of a vehicle or vessel. Buying from a dealership with a proven positive reputation and cooperative sales department can help you get a better deal so research closely.
