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Wisconsin Vehicle Repossession Application Form MV2117

The Wisconsin Vehicle Repossession Application Form MV2117 is used to document the repossession of a vehicle in compliance with Wisconsin laws. This form includes sections for the secured party, the repossessed individual, and the buyer. It also includes an odometer mileage statement and brand disclosure statement.

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How do I fill this out?

Start by entering the required information for the secured party and repossessed individual. Ensure all details are accurate and match DMV records. Finally, complete the odometer mileage statement and brand disclosure statement.

How to fill out the Wisconsin Vehicle Repossession Application Form MV2117?

1
Enter secured party information including name, address, and contact details.
2
Provide details of the repossessed individual including name and address.
3
Fill in the vehicle's information such as VIN, make, model year, and body style.
4
Complete the odometer mileage statement with the current mileage of the vehicle.
5
Sign and date the form as the repossessor or authorized agent.

Who needs the Wisconsin Vehicle Repossession Application Form MV2117?

1
Vehicle lenders need this file to document the repossession of a vehicle.
2
Repossession agencies use this file to comply with legal requirements for repossessing a vehicle.
3
Buyers of repossessed vehicles need this form to transfer ownership legally.
4
Dealers purchasing repossessed vehicles require this form to register the vehicle in their inventory.
5
Individuals in legal disputes over vehicle ownership may need this form for evidence.

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1
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4
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5
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What are the instructions for submitting this form?

What are the important dates for this form in 2024 and 2025?

What is the purpose of this form?

Tell me about this form and its components and fields line-by-line.

What happens if I fail to submit this form?

How do I know when to use this form?

What are the instructions for submitting this form?

To submit the Wisconsin Vehicle Repossession Application Form MV2117, mail the completed form to the Wisconsin Department of Transportation at P.O. Box 7949, Madison, WI 53707-7949. Ensure all sections are filled out accurately and include any necessary supporting documents. You can also check for any online submission options on the Wisconsin DOT's official website. It's advised to retain a copy of the completed form for your records.

What are the important dates for this form in 2024 and 2025?

Ensure compliance in 2024 and 2025 by completing and submitting the Wisconsin Vehicle Repossession Application Form MV2117 on time. Note that updates or changes in regulations may affect submission deadlines. Always refer to official sources for the latest information.

What is the purpose of this form?

The Wisconsin Vehicle Repossession Application Form MV2117 is designed to document the legal repossession of a vehicle in the state of Wisconsin. Repossessors, lenders, and buyers must use this form to ensure compliance with Wisconsin laws and regulations. By completing this form accurately, all parties involved can protect their interests and fulfill legal requirements during the vehicle repossession process.

Tell me about this form and its components and fields line-by-line.

This form includes various sections that must be completed to document the repossession accurately. It contains fields for secured party information, repossessed individual details, vehicle specifics, and compliance statements.

1. Title No.: Unique title number assigned to the vehicle.
2. New License Plate No.: New license plate number issued upon repossession.
3. Amount Received - Document No.: Amount received for the repossession and corresponding document number.
4. Check, Cash, Fee: Payment method and fee details for the repossession process.
5. Vehicle Identification Number: Standard VIN with 17 characters to identify the vehicle.
6. Vehicle Make: Manufacturer of the vehicle.
7. Vehicle Model Year: Year the vehicle model was produced.
8. Vehicle Body Style: Type of vehicle body style.
9. Secured Party - Legal Business Name: Legal business name of the secured party.
10. Secured Party Number: Unique number assigned to the secured party.
11. Telephone Number: Contact telephone number for the secured party.
12. Social Security Number: Secured party's social security number.
13. Driver License Number: Secured party's driver license number.
14. FEIN Number: Federal Employer Identification Number.
15. Secured Party - Street Address: Street address of the secured party.
16. City: City where the secured party is located.
17. State: State where the secured party is located.
18. Zip Code: Zip code for the secured party's address.
19. Special Mailing Street Address: Address for special mailings, if applicable.
20. P.O. Box: P.O. Box for special mailing, if applicable.
21. Date Repossessed: Date when the vehicle was repossessed.
22. Security Agreement Date: Date of the security agreement governing repossession.
23. Repossessed in State of: State where the vehicle was repossessed.
24. Notice of Sale given to subordinate lienholders: Confirmation that notice of sale was given to subordinate lienholders.
25. Buyer - Legal Name: Legal name of the buyer.
26. Buyer - Street Address: Street address of the buyer.
27. Buyer - Mailing Address: Mailing address of the buyer.
28. Odometer Mileage Statement: Current mileage of the vehicle as per odometer reading.
29. Brand Disclosure Statement: Statement disclosing any past damages or uses of the vehicle.
30. Repossessor - Legal Name: Name of the repossessor if different from the secured party.

What happens if I fail to submit this form?

Failure to submit the Wisconsin Vehicle Repossession Application Form MV2117 may lead to legal repercussions and complications in transferring vehicle ownership.

Legal Compliance: Failure to comply with vehicle repossession laws may result in fines or legal action.
Ownership Transfer Issues: Inability to transfer ownership to the buyer legally can cause disputes.
Financial Penalties: Possible financial penalties for not adhering to legal necessities.

How do I know when to use this form?

You should use this form when repossessing a vehicle in Wisconsin to ensure legal compliance.

1. Vehicle Repossession: Used during the repossession process by the secured party or authorized agent.
2. Ownership Transfer: Facilitates legal transfer of ownership to the buyer after repossession.
3. DMV Records Update: Ensures DMV records are updated with correct information regarding the vehicle's status.

Frequently Asked Question

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Open the form in the PDF editor on PrintFriendly, make any necessary changes to the text fields, and save the updated form.

Can I sign the repossession form on PrintFriendly?

Yes, you can digitally sign the repossession form using the signature tool in the PDF editor.

How do I share the completed repossession form?

After editing the form, click the share button to email it directly or generate a shareable link.

What information do I need to fill out the form?

You will need details about the secured party, repossessed individual, vehicle information, and mileage.

Can I save my progress while filling out the form?

Yes, you can save your changes at any time and continue editing later.

How do I ensure accuracy on the form?

Double-check all entered information and refer to DMV records to ensure details match accurately.

Can dealers use this form?

Yes, dealers purchasing repossessed vehicles can use this form to register the vehicle in their inventory.

Is the odometer mileage statement mandatory?

Yes, the Federal and State laws require the odometer mileage statement for the transfer of vehicle ownership.

How do I handle special mailings?

Provide the special mailing address details in the designated section on the form.

How do I submit the completed form?

Submit the completed form to the Wisconsin Department of Transportation, P.O. Box 7949, Madison, WI 53707-7949.