Vejledning til Standard af sikkerhedsaftale New Jersey
Vejledning til Standard af sikkerhedsaftale
New Jersey
Motor Vehicle Commission
P.O. Box 017
Trenton, NJ 08666-0017
STATE OF NEW JERSEY
609-292-6500 ext. 5070
Instructions for Default of Security Agreement
To obtain a New Jersey certificate of ownership for a vehicle whose owner has defaulted
on a security agreement, please follow the steps listed below:
1. Upon seizure of the vehicle complete the Notice of Seizure (OS/SS-55), and return to this office
immediately for filing.
2. Notify the owner/debtor of the sale of the vehicle by mail. The customer should be given a reasonable
length of time to redeem (approximately 10-14 days). A copy of this notice to the owner/debtor is
required to be submitted to this office.
3. After the time has expired, a public or private sale may be held. Application for Repossession
Certificate of Ownership (OS/SS-57) must be executed at time of sale and returned to this office with:
a. The original certificate of ownership. (If the title is unavailable, a duplicate title must be obtained. You
may submit all documents, including those required for a duplicate title, to the below address and both
transactions be processed simultaneously. The duplicate title fee is $60.00, and must be a separate
check/money order. For more information regarding duplicate titles please visit our website at
www.njmvc.gov).
b. Power of Attorney or a notarized letter, on lienholder letterhead, is required granting authority to the
individual signing the “Application for Repossession Title” form OS/SS-57.
c. Photocopy of the original security agreement indicating the year, make, and complete vehicle
identification number, name of the owner/debtor and signature.
d. A copy of the Notice of Sale which is addressed to the owner/debtor.
e. A $60.00 check/money order made payable to “NJ MVC” ($85 with lien), cash will not be accepted. To
avoid an additional $25 penalty, all paperwork must be received within 10 days from the date of sale. If
the applicant/new owner is a New Jersey licensed dealership, a $10.00 dealer check is required.
f. The Bill of Sale from the auction to the New Jersey resident or New Jersey dealer.
g. Licensed New Jersey dealers must stamp the OS/SS-57 with the completed ”Tax Satisfied” stamp.
New Jersey residents are subject to state sales tax, if applicable, and must complete the tax box on
the form OS/SS-57. Lienholder note exemption code 3D.
Note: New Jersey does not issue titles to out-of-state residents, dealers, or lienholders (unless the
repossessed vehicle is physically located in the State of New Jersey). You must present repossession
paperwork to your home state. If you have any questions, please contact the above telephone number.
NJ Motor Vehicle Commission
Special Title/Repossession Unit
225 E. State Street
Mail required documents to:
P.O. Box 017
Trenton, New Jersey 08666-0017
OS/SS-99 (R8/15)