A lienholder may repossess a vehicle if the owner defaults on a security or loan agreement. If a vehicle is repossessed, a new title may be issued to the lienholder or to a subsequent buyer.

The buyer of a repossessed vehicle is required to submit a completed Application for Title & Registration and a completed Repossession Affidavit to a DMV office in order to transfer the title into the buyer's name. The Affidavit of Repossession must be notarized.