T 16 form rev08 2005 2013-2025

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The Form T-16 is an affidavit that certifies the repossession of a motor vehicle in Georgia due to the owners failure to settle a lien or security interest. It includes vehicle owner details, repossessor information, notary requirements and submission instructions to the County Tag Office.
How to fill out the Affidavit of Repossession for Motor Vehicle Title? Enter the lienholders name and address. Fill in the debtors name and the vehicles details. Select the appropriate checkbox to indicate how the vehicle was repossessed. Include the date and sign the form as the lienholder.
How? Under Georgia state law, the auto lender can seize the borrowers car anytime after a payment is late. They dont need to give you notice. Once your auto vehicle is taken, the lender has to mail you a notice within 10 days explaining that your automobile has been repossessed.
A repossession affidavit is a legal statement filed with the Department of Motor Vehicles when you repossess a car from a customer. This document provides details about the repossession such as why and how the vehicle was repossessed. It also informs government authorities that the vehicle has been repossessed.
Letting the bank keep the car doesnt make the debt go away. Theyre going to sell the car at auction. It probably wont sell for what its worth because thats the nature of repo auctions. Theyll apply what it sells for towards the loan, and youll still owe the difference.
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If your car has ben repossessed, contact your lender immediately to discuss options like reinstating your loan by paying overdue amounts or redeeming the car by paying the loan balance and fees.

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