Form MV-950 Affirmation of Repossession and Bill of Sale - New York

What Is Form MV-950?

This is a legal form that was released by the New York State Department of Motor Vehicles - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form MV-950?A: Form MV-950 is the Affirmation of Repossession and Bill of Sale used in the state of New York.

Q: What is the purpose of Form MV-950?A: The purpose of Form MV-950 is to legally document the affirmation of repossession and bill of sale for a vehicle in the state of New York.

Q: When should Form MV-950 be used?A: Form MV-950 should be used when a vehicle has been repossessed and the lienholder needs to affirm the repossession and transfer ownership through a bill of sale.

Q: Who needs to complete Form MV-950?A: Both the lienholder (the entity that repossessed the vehicle) and the new owner of the vehicle need to complete Form MV-950.

Q: What documents should be attached to Form MV-950?A: Along with Form MV-950, a copy of the Notice of Default and Right to Cure and the Certificate of Title should be attached to the form.

Q: How long does it take to process Form MV-950?A: The processing time for Form MV-950 can vary. It is recommended to contact a local DMV office for information on the processing timeline.

Q: Is Form MV-950 specific to the state of New York?A: Yes, Form MV-950 is specific to the state of New York and should be used for vehicles repossessed within the state.

Q: What should I do if I have more questions about Form MV-950?A: If you have more questions about Form MV-950, it is recommended to contact the New York State Department of Motor Vehicles or visit a local DMV office for assistance.