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credit laws apply to all states, they can legally reposses when you become 1 day late on a payment. Most finance companies will not reposses until at least 90 days past due with no contact from you. Check your loan papers on late payments. Finance companies don't want the car back they lose money and it's costly to repo a car. READ the contract. You can be repoed when you are in DEFAULT of the contract.
Wiki User
∙ 18y ago
Wiki User
∙ 19y agoThis is a 5 question answer rolled into one. They can repossess collateral as long as there is NO BREACH OF PEACE. 79.0609 UCC 9-609. Secured party’s right to take possession after default. (1) After default, a secured party: (a) May take possession of the collateral; and (b) Without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under ORS 79.0610. (2) A secured party may proceed under subsection (1) of this section: (a) Pursuant to judicial process; or (b) Without judicial process, if it proceeds without breach of the peace. (3) If so agreed, and in any event after default, a secured party may require the debtor to assemble the collateral and make it available to the secured party at a place to be designated by the secured party which is reasonably convenient to both parties. [2001 c.445 §107] xxxxxxxxxx 164.135 Unauthorized use of a vehicle. (1) A person commits the crime of unauthorized use of a vehicle when: (c) Having custody of a vehicle, boat or aircraft pursuant to an agreement with the owner thereof whereby such vehicle, boat or aircraft is to be returned to the owner at a specified time, the person knowingly retains or withholds possession thereof without consent of the owner for so lengthy a period beyond the specified time as to render such retention or possession a gross deviation from the agreement. 2) Unauthorized use of a vehicle, boat or aircraft is a Class C felony.
Wiki User
∙ 8y agoNO, you cant steal your own car. You might ATTEMPT TO HINDER A SECURED CREDITOR.
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Can a creditor repossess a car if the account is current?
not without legal cause
If a creditor garnishes wages for debt can they take your car?
If the debt is on the car, or the car was used as collateral for the loan, YES they can repossess the vehicle!
You have the title to your car however you are still paying the notes if you are late on a payment can the creditor repossess the car?
if the creditor's name is nowhere on the title,only your name,no one else. no liens. No one can legally take your car.
In the state of Ohio can a person be arrested for not surrendering a car that was discharged in bankruptcy immediately?
You cannot be arrested for not surrendering a car. Make arrangements for the creditor to retrieve the car. If not, the creditor can repossess the car because the discharge terminated the automatic stay.
Can you willingly repossess a car?
Unless you are a creditor, I assume you mean can you surrender a car to the lender in a voluntary repossession. If the creditor will do it, you can. Obviously it will depend on the mileage and condition of the car, but these days it is complicated by the state of the economy, so not likely. You can surrender the vehicle in a Chapter 7, where the creditor has no choice.
Can a warranty be issued for if the creditor is trying to repossess?
In some situations, YES. The threat of it is uasually enough to get the car repoed.
How many days do you have to be behind in your payments in New York before they can repo your car?
As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.
Can a creditor repossess a car when the payment is one day late?
Yes Usually they allow a grace period for an arears payment, but they do not have to.
Can a car be repossessed if a Washington state bank lends to a Oregon creditor?
Sure.
How long does a creditor have until they repossess a vehicle?
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
When filing for bankruptcy and including the car how long is it before the creditor collects the car and how does that work?
The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.
Can a creditor repossess property if you are making payments?
no they cannot
