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State of Wisconsin Department of Natural Resources Attn: Boat Registration and Titling PO Box 7924, Madison WI 53707-7924 DNR.WI.gov Boat Repossession Transfer Affidavit Form 9400-470 (R 10/08) Notice:
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How to fill out boat repossession form 9400-470

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How to Fill Out Boat Repossession Form 9400-470:

01
Begin by carefully reading the instructions provided with the form. These instructions will help you understand the purpose of the form and how to accurately complete it.
02
Start by entering the date of repossession in the designated field. This should be the date when the boat was officially repossessed.
03
Provide the basic information about the boat, such as the make, model, year, and hull identification number (HIN). Ensure that this information is accurate and corresponds to the specific boat being repossessed.
04
Fill in the contact information of the repossession agency or individual repossessing the boat. This may include their name, address, phone number, and email.
05
Indicate the reason for repossession by selecting the appropriate option from the provided choices. This could be due to non-payment, breach of contract, or other relevant reasons.
06
If applicable, describe any damages or issues observed during the repossession. This includes any visible damage to the boat, missing equipment, or additional notes regarding the condition of the boat.
07
Review the completed form to ensure that all the required fields are filled accurately. Double-check the provided information to avoid any errors or inconsistencies.

Who Needs Boat Repossession Form 9400-470?

01
Financial Institutions: Banks, credit unions, or other lending institutions that have provided loans for boat purchases may require this form to document the repossession process.
02
Repossession Agencies: Professionals or businesses specializing in the repossession of boats or other assets may use this form to properly document their actions and ensure compliance with applicable laws.
03
Individuals Conducting Repossession: If an individual is repossessing a boat on their own behalf, such as in the case of a private party loan, they may need to complete this form to formally document the repossession.
Note: It is advisable to consult legal professionals or relevant authorities to determine the specific requirements for filling out and submitting boat repossession form 9400-470, as regulations may vary based on jurisdiction.
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Boat repossession form 9400-470 is a document used to report the repossession of a boat.
The lender or financial institution that repossessed the boat is required to file form 9400-470.
The form must be filled out with information about the boat, the borrower, the reason for repossession, and other relevant details.
The purpose of the form is to provide documentation of the repossession of a boat for tax and regulatory purposes.
Information such as the boat's identification number, value, borrower's details, repossession date, and reason for repossession must be reported on the form.
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