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Can you take finanace for a car then register it to the person whom you are takin the finance for is this illegal and can the finance company take the car from you if they find out?
Wiki User
∙ 12y ago
The lender does not care who the vehicle is registered under as long as the loan is being paid for on the terms of the contract agreement. i.e- if the loan becomes delinquent they are going to be calling the person who signed the loan, not the person who has it registered, however- if a vehicle is financed it SHOULD be in the person or persons who have the loan.
Wiki User
∙ 12y ago
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Is it illegal for a finance company to use a financed vechicle as collateral?
you cannot use it as collateral because you need to hold title of the vehicle however in this case the finance company has the ownership of the vehicle not you.............
Can you get finance for auto loan with a learner permit?
No you need to have a drivers license. It is illegal to drive a car without a drivers license and that is how the finance company looks at it.
What if you sold a car that was in default What happens next Can the new party register car?
It is illegal to sell a car that you do not have a title to, and someone else will not be able to register it until they have one. To be in default means you do not as yet own the car the finance company does, any arrangements made to get rid of the car must include paying off the loan in its entirety or letting it go back to the holder of the title.
Is the repossession of a vehicle by a finance company illegal?
No, it's 100% legal. That finance company is the lienholder. What that means is that, until you've paid that vehicle off and have acquired the title, the lienholder is the rightful owner of that vehicle, and has every right to reclaim their property when the conditions of the contract are not met by the lessee.
What is the register code for rocket mania deluxe?
it is illegal to share register codes, buy it and you will get one
Can an illegal alien finance a home?
NO,UNLESS HE IS FROM MARS.
What is finance law?
Finance law is the area of law that deals with finances and fundraising. Finance law is designed to reduce fraud and other illegal activities.
Is it illegal to sell a car on finance and stop paying for it?
Yes
Can you register a car in another state other than where you reside?
No, you can not register a car in a state that you do not reside in. It is illegal to do so, you must register your car where you live.
How do I buy a car for my mom and keep the payments in my name?
You should check with the finance company. Some finance companies will not knowingly allow a "straw purchase" which is where you finance something your name when the item is intended for another person. I'm not sure about this part: but it may be illegal in some states. You may want to check the law also.
Is it illegal for a teacher to let a student do the register?
Yes, in Public schools.
Is it illegal to register and insure a car outside of the state you reside?
Yes
