MV-950

The NY DMV form MV-950, titled Affirmation of Repossession and Bill of Sale, is a legal document used by lienholders to certify the repossession of a motor vehicle or motorcycle and facilitate its subsequent sale or transfer. It serves as an official notice to the DMV that a vehicle has been retaken pursuant to the Uniform Commercial Code or other legal authority, and it requires the lienholder to affirm that proper notification was provided to the police, the Commissioner of Motor Vehicles, and the owner within 24 hours of repossession.

The form includes comprehensive sections for vehicle description, odometer disclosure, and damage disclosure to ensure transparency regarding the vehicle's condition at the time of sale. It also acts as a bill of sale, requiring signatures from both the lender and the purchaser, and mandates the disclosure of any remaining open liens to the buyer. Additionally, DMV guidelines emphasize that this form should not be used to obtain a repossession title for vehicles held in police impound, as the lienholder must have physical possession of the vehicle to validly execute the affirmation.