The Alabama MVT 15-1 form serves as a Repossessed Motor Vehicle Affidavit, which is essential for documenting the repossession of a vehicle due to the former owner's failure to fulfill financial obligations. This form must be completed accurately and submitted alongside an application for a Certificate of Title for a repossessed vehicle. It ensures that all legal requirements are met and provides a clear record of the transaction between the lienholder and the former owner.
The Alabama MVT 15 1 form is a crucial document for anyone involved in the repossession of a motor vehicle. This form serves as an affidavit that certifies the repossession of a vehicle due to the former owner's failure to meet financial obligations related to a lien or security interest. It is designed to ensure that the lienholder can legally assert their rights over the vehicle and is an essential step in the process of obtaining a new Certificate of Title for the repossessed vehicle. Key information required on the form includes the vehicle identification number (VIN), details about the former owner, and the lienholder's information. Additionally, the form must be signed in the presence of a notary public to validate the affidavit. It is important to note that this form can be duplicated or additional copies can be obtained from the Alabama Department of Revenue's website. By completing and submitting the MVT 15 1, lienholders can facilitate the transition of ownership and ensure that all legal requirements are met in the repossession process.
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
THE DEPARTMENT WEB SITE AT www.revenue.alabama.gov
VEHICLE IDENTIFICATION NUMBER*
DATE OF REPOSSESSION
YEAR
MAKE
MODEL
NAME (FORMER OWNER)
ADDRESS
CITY
STATE
ZIP
LIENHOLDER
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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