Repossession Affidavit. Lienholders use this form to report repossession of a vehicle or vessel.Use the Repossession Affidavit template to create a document without hassle and in minutes. Repo's Allowed: After 20 day "Right to Cure" letter from lienholder to debtor, repossession allowed without committing a breach of peace. 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. Please see All DC DMV Locations under About DMV in the menu. In some states, not getting insurance stipulated in a loan or lease contract can count as a default, and your car can be repoed because of it. This is what is known as a "repossession. Non-Judicial Sale or Repossession and Retention (U. The report will include late payments on any loan agreement.
