Alabama Form Mvt 15 1 PDF Details

In dealing with the complexities of vehicle repossession and the subsequent transfer of title, individuals and entities in Alabama must navigate through specific procedures as outlined by the state's Department of Revenue Motor Vehicle Division. Central to this process is the Alabama MVT 15-1 form, also known as the "Repossessed Motor Vehicle Affidavit and Disposition of Vehicle Under Lien." This form plays a crucial role by serving as a formal declaration by the lienholder that a vehicle has been repossessed due to the former owner's failure to meet their lien obligations. Furthermore, it details the vehicle's sale or reassignment based on the terms of the Security Agreement. The form requires comprehensive information, including the vehicle identification number, date of repossession, as well as the make, model, and year of the vehicle. It also demands details on the former owner and the lienholder to ensure all parties are properly identified. The submission of this affidavit, alongside the application for a new Certificate of Title for the repossessed vehicle, is a mandatory step in the legal transfer of ownership, making it an essential document for lienholders in Alabama. Additionally, it underscores the state's commitment to maintaining records that support the legal and transparent transfer of vehicle ownership under these circumstances.

QuestionAnswer
Form NameAlabama Form Mvt 15 1
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesmvt 15 1 form, al repossessed form, repo affidavit alabama, repossessed motor vehicle

Form Preview Example

ALABAMADEPARTMENT OF REVENUE

MOTOR VEHICLE DIVISION

TITLE SECTION

P.O.Box327640 • Montgomery,AL36132-7640

RepossessedMotorVehicleAffidavitand

DispositionofVehicleUnderLien

MVT: 15-1 5/18

TYPE ONLY

THIS FORM MAY BE DUPLICATED OR ADDITIONAL COPIES MAY BE OBTAINED FROM

TYPE ONLY

 

 

 

 

THE DEPARTMENT WEB SITE AT www.revenue.alabama.gov

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VEHICLE IDENTIFICATION NUMBER*

 

 

 

 

 

 

 

 

 

 

 

DATE OF REPOSSESSION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YEAR

 

 

 

MAKE

MODEL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NAME (FORMER OWNER)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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CITY

 

 

 

 

 

 

 

 

 

 

STATE

 

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LIENHOLDER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADDRESS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITY

 

 

 

 

 

 

 

 

 

 

STATE

 

ZIP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thisistocertifythattheundersignedhasrepossessedthemotorvehicledescribedabovebecauseofthefailureoftheformer owner to meet the obligation for settlement of a Lien of Security Interest on said vehicle and that the Interest of the Owner waslawfullyterminated.Thesaidvehiclewassoldorreassigned,pursuanttothetermsoftheSecurityAgreement.

SUBSCRIBEDANDSWORNTOBEFOREMETHIS

 

________dayof________________________________,________.

Lienholder:____________________________________________

________________________________________________________

Signedby:_____________________________________________

NOTARY PUBLIC

AUTHORIZED REPRESENTATIVE

Mycommissionexpires_________________________,________.

 

NOTE: This affidavit must be submitted as a supporting document when applying for a Certificate of Title For a Repossessed Vehicle.

*All VINs for 1981 and subsequent year model vehicles that conform to federal anti-theft standards are required to have 17 digits/characters.

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Writing section 1 of repossessed motor vehicle form

2. When the first section is done, proceed to enter the applicable information in all these: day of , Lienholder , Signed by , NOTARY PUBLIC, AUTHORIZED REPRESENTATIVE, My commission expires , NOTE This affidavit must be, Vehicle, and All VINs for and subsequent year.

repossessed motor vehicle form conclusion process explained (part 2)

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