Oklahoma Administrative Code
Title 260 - Office of Management and Enterprise Services
Chapter 135 - Service Oklahoma
Subchapter 7 - Motor Vehicle
Part 39 - AFFIDAVITS FOR USE IN TITLES
Section 260:135-7-220 - Repossession affidavit
Universal Citation: OK Admin Code 260:135-7-220
Current through Vol. 42, No. 1, September 16, 2024
(a) Documentation required. An applicant for a repossession title must submit:
(1) The actual or certified copy of
the mortgage instrument;
(2) A
completed Repossession Affidavit (SOk Form 737);
(3) A copy of the certified letter of notice
to other lienholders, if applicable; and
(4) A properly executed lien
release.
(b) Approval required. All repossessions must be approved by Service Oklahoma or a licensed operator.
(c) Fees. The mortgagee shall be required to pay statutory repossession and title fees. If the vehicle is not currently registered, the mortgagee shall be issued an initial license plate or decal bearing an expiration date of the month of repossession.
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