Reg 119 PDF Details

The Reg 119 form, commonly known as the Certificate of Repossession, functions as a critical document within the intricacies of vehicular and vessel transactions in instances of repossession due to contractual default. This document is mandated for use by the Department of Motor Vehicles (DMV) and outlines key information regarding the repossessed asset, encompassing vehicle or vessel identification details, repossession specifics, and subsequent disposition data. The form requires disclosure of the legal owner's identity, often a bank or finance company holding the lien, alongside the address and description of the repossessed item. It meticulously tracks the sequence of events leading to the repossession, including the type of lien under which the default occurred, the method of repossession, and the rationale behind taking such action. Moreover, the Reg 119 form plays a pivotal role in ensuring compliance with California's legal framework, encapsulating statutes from the California Vehicle Code, Civil Code, and Commercial Code, by documenting the legal owner's adherence to requisite procedures for notification and sale of the repossessed property. This certification process is bolstered by a declaration under penalty of perjury, affirming the legality of the repossession and disposal actions in alignment with state laws, including the observance of stipulations pertaining to the rights of military personnel. The document also underscores the importance of an odometer disclosure, which is necessary for maintaining the integrity and transparency of the vehicle's history following its repossession and resale. Consequently, the Reg 119 form acts as a comprehensive ledger that not only facilitates the rightful transfer of ownership post-repossession but also safeguards the interests of all parties involved through its exhaustive detailing of procedural compliance and transactional evidence.

QuestionAnswer
Form NameReg 119
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesca reg 119, ca repo cert, vehicle repossession forms, dmv repo certificate

Form Preview Example

CERTIFICATE OF REPOSSESSION

A Public Service Agency

If legal owner is not shown on DMV records, the original or a certified copy of the conditional sale contract or security interest agreement must accompany this certification.

SECTION 1 — VEHICLE/VESSEL INFORMATION

VEHICLE LICENSE PLATE OR VESSEL CF NUMBER

VEHICLE OR HULL IDENTIFICATION NUMBER (VIN/HIN)

YEAR MODEL

MAKE OF VEHICLE OR VESSEL BUILDER

SECTION 2 — REPOSSESSION INFORMATION

LEGAL OWNER (NAME OF BANK, FINANCE COMPANY, ETC., OR INDIVIDUAL HAVING A LIEN ON THIS VEHICLE OR VESSEL)

ADDRESS (INCLUDE SUFFIX [E.G., AVE., ST., ETC.] AND ANY UNIT NO. [INDICATE STE., ETC.])

CITY

 

 

STATE

ZIP CODE

 

 

 

 

 

 

LIEN/INSTRUMENT TYPE UNDER WHICH THE DEFAULT OCCURRED (CHECK BOX)

 

 

DATE CONTRACT/AGREEMENT SIGNED/EXECUTED

CONDITIONAL SALE CONTRACT

SECURITY INTEREST AGREEMENT

 

 

 

 

 

DATE OF REPOSSESSION

METHOD OF REPOSSESSION (CHECK BOX)

 

 

 

 

 

 

 

 

REPOSSESSION BY LICENSED REPOSSESSION AGENCY (B&PC §7500.2)

VOLUNTARY SURRENDER BY DEBTOR

 

REPOSSESSION BY LEGAL OWNER OR A BONA FIDE EMPLOYEE OF THE LEGAL OWNER

 

 

OTHER (EXPLAIN):

 

 

 

 

 

 

 

 

REASON(S) FOR REPOSSESSION (CHECK BOX)

 

 

 

 

 

 

 

 

 

FAILURE TO PAY

OTHER (EXPLAIN):

 

 

 

 

 

 

 

 

POSSESSION OF THE VEHICLE OR VESSEL TAKEN AT (ADDRESS)

 

CITY

 

 

STATE

ZIP CODE

 

 

 

 

 

 

 

 

 

 

REPOSSESSED FROM DEFAULTING DEBTOR(S) (NAME)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADDRESS OF DEFAULTING DEBTOR

 

 

 

 

CITY

 

 

STATE

ZIP CODE

 

 

 

 

 

 

 

 

 

 

VEHICLE OR VESSEL WAS (CHECK BOX)

 

 

 

 

 

 

 

DISPOSITION DATE*

DELIVERED TO AUTO AUCTION FOR SALE

SOLD THROUGH AUTO AUCTION

 

 

 

 

 

SOLD AT PUBLIC SALE

SOLD AT PRIVATE SALE

LEASED/LICENSED

RETAINED

 

 

 

NAME OF AUTO AUCTION, BUYER, OR LESSEE**

 

 

 

 

 

 

 

AUTOAUCTION DEALER NO.

 

 

 

 

 

 

 

 

 

 

 

 

ADDRESS

 

 

 

 

 

CITY

 

 

STATE

ZIP CODE

*ENTER SALE OR LEASE DATE; IF DELIVERED TO AUTO AUCTION FOR SALE, ENTER DELIVERY DATE.

**ENTER BUYER OR LESSEE; IF DELIVERED TO AUTO AUCTION FOR SALE, ENTER NAME OF AUTO AUCTION; IF SOLD THROUGH AUTO AUCTION, ENTER BUYER’S NAME.

SECTION 3 — CERTIFICATION

I certify that I, or the firm, company, or corporation I am authorized to represent, am the legal owner within the meaning of California Vehicle Code §§370, 9840 of the above described vehicle (including trailer) or vessel. In good faith and in a commercially reasonable manner, the vehicle or vessel was lawfully repossessed, taken into the legal owner’s possession and disposed of, after default under the terms of a valid lien contract/ agreement, and in full accordance with all applicable California statutes.

CONDITIONAL SALE CONTRACT (California Civil Code [Civil Code]) – I further certify that, except for a vehicle seized as described in Civil Code §2983.3 (b) (6), at least fifteen (15) days (twenty [20] days if place of deposit in the mail or place of address is outside California) written notice of intent to sell/dispose this repossessed or surrendered vehicle or vessel, in proper form and content, was given by personal service or by mail at the last known address to all persons liable under the contract as required by Civil Code §2983.2, and that the debtor/obligor has not cured or was unable to cure (Civil Code §2983.3) the default which led to the repossession.

SECURITY INTEREST AGREEMENT (California Commercial Code [Com. Code]) – I further certify that, in proper form and content, a written notice of intent to sell/dispose this repossessed vehicle or vessel was sent to, or notification waiver agreement (Com. Code §9624) obtained from, all persons liable under the security agreement as required by and in the reasonable timeliness stated in Com. Code §§9611-9614, and that neither the debtor nor any other secured party exercised the right to redemption given in Com. Code §9623 prior to the sale.

I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing is true and correct. I further certify (or declare) under penalty of perjury that the repossession was conducted in accordance with the requirements of California Military and Veterans Code §§407, 408, 409.1, and 409.3, and with the requirements of §§3952, 3953, and 3958 of Title 50 of the United States Code.

PRINTED NAME OF AUTHORIZED AGENT SIGNING FOR COMPANY

TITLE OF AUTHORIZED AGENT SIGNING FOR COMPANY

DAYTIME TELEPHONE NUMBER

 

 

 

 

 

 

(

)

SIGNATURE OF LEGAL OWNER (COMPANY NAME AND AUTHORIZED AGENT’S COUNTERSIGNATURE)

DATE

 

X

 

 

 

 

 

 

 

 

 

 

 

NOTE: Odometer disclosure for vehicle is required on Certificate of Title or separate odometer statement.

 

REG 119 (REV. 1/2019) WWW

 

 

 

 

 

 

 

 

 

 

 

 

 

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You need to fill up the ADDRESS, CITY, STATE, ZIP CODE, ENTER SALE OR LEASE DATE IF, ENTER BUYER OR LESSEE IF DELIVERED, SECTION CERTIFICATION, I certify that I or the firm, CONDITIONAL SALE CONTRACT, SECURITY INTEREST AGREEMENT, I certify or declare under penalty, TITLE OF AUTHORIZED AGENT SIGNING, DAYTIME TELEPHONE NUMBER, SIGNATURE OF LEGAL OWNER COMPANY, and DATE area with the appropriate particulars.

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