The Alabama MVT 15-1, also called the Repossessed Motor Vehicle Affidavit and Disposition of Vehicle Under Lien, is filed with the Alabama Department of Revenue Motor Vehicle Division. Lienholders such as banks, credit unions, auto dealers, and private lenders use this form after repossessing a vehicle when a borrower defaults on a loan or security agreement.
The form requires the Vehicle Identification Number (VIN), repossession date, and the vehicle make, model, and year. It also includes sections for the former owner and the lienholder. Once complete, it must be filed with a Certificate of Title application to finalize the legal transfer of ownership. For related documents, see Alabama Form MVT 41-1 and Alabama Form MVT 5-13.
Filing an incomplete MVT 15-1 can delay the title transfer and create legal problems for the lienholder. Review all fields carefully before submitting to the county probate office.
| Question | Answer |
|---|---|
| Form Name | Alabama Form Mvt 15 1 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | mvt 15 1 form, al repossessed form, repo affidavit alabama, repossessed motor vehicle |