Form Mv 950 – Fill Out and Use This PDF

MV-950 (1/19)

AFFIRMATION OF REPOSSESSION AND BILL OF SALE

dmv.ny.gov

INSTRUCTIONS Ø Lendersmust completeboxes 1 2 3 4 5 IfLenderissellingvehicle,Purchaserinformationisrequired inboxes 5 6

1VEHICLE DESCRIPTION (includes motor vehicle or motorcycle, manufactured home* or boat* )

YEAR

MAKE

MODEL

STATE LAST REG

STATE LAST TITLED PLATE NUMBER

VEHICLE IDENTIFICATION NUMBER

2

9

LENDER

BORROWER

Business

Last Name,

Name

First, M.I.

Number and

Apt. No.

Number and

Apt. No.

Street Address

Street Address

City

State

ZIP Code

City

State

ZIP Code

Thevehicledescribedabovewasrepossessedin

on

fromtheborrowerwhowasindefault

(State)

ofasecuritycontractdated

. On

,

was

(Month/Day/Year)

(Auctioneer)

authorizedtoselltheabovevehicle(ifapplicable).

Section 425(1) of the Vehicle and Traffic Law requires that, when a motor vehicle or motorcycle is repossessed, proper notification must

be provided to the police and vehicle owner within 24 hours, and to a motor vehicle office within 11 days.

(*NOTE: This notification is not required when a manufactured home or boat is repossessed.)

3 PROPER NOTICE HAS BEEN GIVEN TO THE FOLLOWING PARTIES (list names and addresses):

Date Notified

Police Agency Name

Address

Commissioner of Motor Vehicles (enterName

Address

ofMotorVehiclesofficenotified)

Borrower/Current Owner Name

Address

(otherthanlienholder)

Other Name

Address

Under the penalties of perjury, I affirm that I have complied with Section 425(1) of the New York State Vehicle and Traffic Law (see page 2) and/or any applicablelawsinthestatewherethevehiclewasrepossessed,pertainingtotherepossessionofthevehicledescribedabove.Ifurtheraffirmthat,if there are any other open perfected liens on the vehicle, and a lien release is not obtained, I have advised the purchaser of the outstanding liens

	onthevehicle.		X
4	ODOMETER DISCLOSURE STATEMENT					(Lender’s Signature)
	Theodometeronthevehicledescribedabovehas(checktheappropriatebox):				5 digits	6 digits	7 digits,notincludingtenths.
	Federal and state laws require that the mileage of the vehicle described above be specified upon transfer of ownership. Failure to do so, or
	nottellingthetruthaboutmileage,mayresultinfinesand/orimprisonment.
	I,			statethattheodometernowreads				miles
		Lender – Print Name in Full					(do not include tenths of a mile)

and(oneofthefollowingstatementsmustbechecked):

1.Icertifythat,tothebestofmyknowledge,thisodometerreadingreflectsthe“ACTUALMILEAGE”asseenontheodometerof thevehicledescribedabove.

2.Icertifythat,tothebestofmyknowledge,theabove-disclosedodometerreading“EXCEEDSMECHANICALLIMITS”.(Themileage isinexcessofwhattheodometeriscapableofrecording.)

3.Icertifythat,tothebestofmyknowledge,theabove-disclosedodometerreadingis“NOT THE ACTUAL MILEAGE. WARNING:

ODOMETER DISCREPANCY.”

5DAMAGEDISCLOSURESTATEMENT

IMPORTANT: Making a false statement, or failure to accurately disclose the salvage status of a vehicle, may subject you to substantial civil fines, in addition to any penalties authorized by the Penal Law.

Checkonebox– Icertifythat,tothebestofmyknowledge,thisvehicle hasbeen hasnotbeen wrecked,destroyedordamagedtosuch anextentthatthetotalestimate,oractualcost,ofpartsandlabortorebuildorreconstructthevehicletotheconditionitwasinbeforeanaccident,and forlegaloperationontheroadorhighways,ismorethan75%oftheretailvalueofthevehicleatthetimeofloss.(Checkingthe“hasbeen”boxmeans thevehiclemusthaveananti-theftexaminationbeforebeingregistered,andthatthetitleissuedwillhavethestatement“RebuiltSalvage:NY”onit.)

X		X
Lender Signature		Purchaser Signature

6PURCHASER:

Print Last Name,			Price		Date of Sale
First, M.I.			Paid
Number and	Apt. No.	City		State		ZIP Code
Street Address
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MV-950 (1/19)

PAGE 2 OF 2

§ 425. Repossession of motor vehicle or motorcycle; garageman’s lien; notice to police.

1.Any person, firm or corporation, or agent, employee or representative thereof, repossessing or retaking a motor vehicle or motorcycle pursuant to the provisions of article nine of the uniform commercial code, or other authority of law, or any contract or agreement, shall, immediately following such repossession or retaking, personally appear at a station house or other office of the police department, or agency or officer performing like functions, in the locality wherein such repossession or retaking occurred, give notice to such department, agency or officer of such repossession or retaking and thereafter and within twenty-four hours of the tenth day after such repossession or retaking personally deliver or mail by first class mail to the nearest motor vehicle office of the state or county acting as an agent of the commissioner pursuant to section two hundred five of this chapter, (a) notice of such repossession or retaking in such form as the commissioner may require and (b) the number plates of such motor vehicle or motorcycle. Notice of such repossession or retaking, including the name and address of the person, firm or corporation repossessing or retaking the same, shall also be given within twenty-four hours thereof to the owner of such motor vehicle or motorcycle, either personally or by registered or certified mail, or by first class mail, with a certificate of mailing properly endorsed by the postal service to be obtained, directed to such owner at his or her last-known address. Unless the motor vehicle or motorcycle can be repossessed or retaken without breach of the peace, it shall be repossessed or retaken by legal process, but nothing herein contained shall be construed to authorize a violation of the criminal law.