Oklahoma Administrative Code
Title 670 - Service Oklahoma
Chapter 20 - MOTOR VEHICLE
Subchapter 39 - AFFIDAVITS FOR USE IN TITLES
Section 670:20-39-5 - Repossession affidavit
Universal Citation: OK Admin Code 670:20-39-5
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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