NYS DMV Form MV-327. Notice of Repossession of Motor Vehicle or Motorcycle

Form MV-327 is used to notify the New York State Department of Motor Vehicles (DMV) when a vehicle or motorcycle has been repossessed. It is a legal requirement to inform the DMV in such cases. The form consists of three copies, and all three copies should be presented to a DMV office. The copies marked for the Repossessor and the Owner will be returned to the submitter.

When filling out the form, it is important to enter all the necessary information accurately to ensure proper documentation of the repossession. If using a computer to complete the form, the information entered on the first page will automatically appear on the other two copies. Each copy of the form must be signed by the appropriate parties involved.

This form is essential for repossession agents and individuals who have repossessed a vehicle or motorcycle. By submitting this form to the DMV, they fulfill their legal obligation to notify the authorities about the repossession, and it helps update the vehicle's ownership status in the DMV records.

Related Form: Form MV-950 may provide additional guidance or information related to the repossession process.