The Oklahoma 737 form is an official document used to declare the repossession of a vehicle, boat, or outboard motor in the state of Oklahoma. This affidavit serves as a crucial step for lenders following a debtor's default on a security agreement. Completing the form accurately ensures compliance with state laws and facilitates the legal transfer of ownership back to the repossessing lienholder.
The Oklahoma 737 form, also known as the Affidavit of Repossession of a Vehicle, Boat, or Outboard Motor, is a crucial document for lenders and repossessors in the state. This form is designed to facilitate the legal process of reclaiming a vehicle or watercraft when a borrower defaults on a loan. It captures essential details such as the Oklahoma Title Number, vehicle make and model, and unique identification numbers like the VIN for vehicles or HIN for boats. The form requires the repossessing lienholder to provide their information, including contact details and a federal employer identification number, or, if an individual, their driver’s license number. Additionally, it mandates a sworn statement confirming that the repossession was conducted following Oklahoma law, which helps to ensure transparency and accountability. Supporting documentation is also necessary, including a properly completed affidavit, copies of security agreements, and lien releases, among others. Understanding the requirements and processes associated with the Oklahoma 737 form is vital for both lenders and borrowers to navigate the complexities of vehicle repossession effectively.
Form 737
Revised 7-2022
MVC
Oklahoma Tax Commission - Motor Vehicle Division
Affidavit of Repossession of a Vehicle, Boat or Outboard Motor
Oklahoma Title Number: _____________________________________________________________________________
Model Year & Make: _____________________________________ Body Type: _________________________________
VIN/Serial Number (Vehicle or Outboard Motor): __________________________________________________________
HIN Number (Boat):___________________________________ Boat Registration Number: _______________________
Repossessed From:
Name: _______________________________________________________________________________________
City/State: ____________________________________________________________________________________
Repossessing Lienholder:
Name: ________________________________________________ Lienholder ID: __________________________
Daytime Phone Number: __________________________________
Lender’s Federal Employer Identification Number (FEIN) _____________________________________________ or,
If Individual, Driver License Number of Repossessing Lienholder ____________________________________ .
Mailing Address: ________________________________________________________________________________
City: ____________________________________________ State: ________ ZIP: ______________
Email Address: ________________________________________________________________________________
LENDERS: This repossession action is a result of the debtor’s (mortgagor) default under the terms of a valid security agree- ment and possession of the property described above was obtained by proper legal proceedings pursuant to Oklahoma law.
Date of Possession: _________________________________
Impounded: ________________________________________________________________________________
Lender is in physical possession of the property.
Other: _____________________________________________________________________________________
Name and Address of Impoundment Location
I, the undersigned authorized representative of the lien holder, do hereby affirm under penalty of perjury that we are releasing our interest in the vehicle referenced above.
Non-Use: the vehicle described above will not be driven on public streets or public highways and is, therefore, exempt
from the provisions of Section 7-601 et seq. of Title 47 of the Oklahoma Statutes. Upon any change in status, the owner will execute the proper affidavit of insurance required by law.
I, the undersigned, do swear or affirm that I am the individual, or legal agent of the firm, holding a valid security agreement on the described property and that the information provided on this Affidavit is true and accurate.
Signature: ____________________________________________
State of _________________________ , County of ________________________________
Subscribed and sworn to before me this _____ day of __________________ , ________.
My commission expires _______________ , ____________ .
_________________________________________________________ , Notary Public
See Reverse Side For Required Supporting Documentation
Notary Seal
Page 2
Required Supporting Documentation:
The repossessing lender must provide the following documentation in order for the Repossession Application to be approved:
A.Properly completed Repossession Affidavit
B.Actual or certified copy of chattel mortgage, conditional sales contract or other type security agreement
Contract must indicate the vehicle, boat or outboard motor has been pledged as collateral and list a
complete description of the unit along with a vehicle identification number or hull identification number.
C.If the second lienholder is making application for a repossession title, a signed and dated lien release from the previous lienholder(s) is required.
D.If a motor vehicle, include an Insurance Security Verification Form reflecting all required information or select the box for
Non-Use on page 1 of this form.
E.If a manufactured home, must have proof of current calendar year taxes paid on an Oklahoma Tax Commission (OTC) Form 936 or a Form 936 marked taxes are not due. Form 936 isn’t required if the manufactured home has a current registration on the OTC computer system.
Please direct any questions to the OTC Motor Vehicle Division at (in state toll free) 1.800.522.8165, or (direct) 405.521.3221. Additional information is located in the Motor Vehicle section of the OTC website: tax.ok.gov.
Submit or mail your completed application and remittance to any Oklahoma tag agent, made payable to the Oklahoma Tax Commission. A listing of tag agents is located in the Motor Vehicle Overview section of the OTC website at tax.ok.gov.
If you choose to mail your application and payment to the OTC, please send to the following address:
Oklahoma Tax Commission
PO Box 26940
Oklahoma City, OK 73126-0940
Mailing this application directly to the OTC will not result in a quicker response. Due to the volume of mail received by the OTC, it is often faster to apply for a title through a tag agent. It is recommended you utilize the tag agent of your choice.
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