DMVs mistype names often, and if the debtor does not catch it at the time of registration, the Collection Manager should try and catch it and then go back and correct it. If you don’t catch it before you repossess it then you could have a problem applying for the repossession title.
To correct most name issues such as a lien holder’s name or the debtor’s name is misspelled, or a debtor is left off the title you must submit a notarized affidavit and the original vehicle title.
People’s name change whether it’s by marriage, divorce, or death. Collection Managers have to get the vehicle’s title changed.
Situation:
A vehicle is repossessed and the name doesn’t match the name on the contract. In most states the state will require a notarized affidavit explaining that the names on the title are in fact the same as the names on the contract.
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