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After repossession how many days do they have before they resell the car or can charge storage in California?

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2015-07-14 16:05:22
2015-07-14 16:05:22

They can charge storage from day ONE of the repo. Read your contract. MERRY CHRISTMAS

That last answer is only partially correct. In California repo men are required to send you an initial notice that has to have some specific things listed in it. Its called the notice of seizure. One of the things is that they have to tell you the towing and storage fees associated with the vehicle. That first notice (which must be given within 48 hours of seizure unless part of that 48 hours is a Sat. or Sun. the they have 72 hours to notify you) allows them to charge for the first fifteen days. After that initial notice they are required to mail you another notice, certified mail, before the fifteen days expire in order to be able to to charge you for more than that first fifteen days. If they dont mail that second notice then they can only charge you for fifteen days. If they dont mail you the first notice telling you the charges then they give up any right to any compensation for storage or towing

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In the state of California, the lender of a repossession may only charge fees that it incurs and that are in the contract. If the lender pays for the storage or houses the repossession, then yes, the lender is allowed to charge both a repossession and a storage fee.

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yes......in California you are REQUIRED to have an inventory list of the items in the unit at the time of repossession, therefore we are allowed to charge for the inventory and storage of said property......

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Yes. The repossession fee is like a tow bill. They did pick up the vehicle. The storage fee is the time it takes to get the vehicle off of their lot. Each day adds another day of storage fees.

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The repossession company is not responsible for returning belongings. The repossession company is responsible for notifying you where you can pick up your belongings and at what times. Some companies charge you a storage fee or only give you a few weeks to pick up your belongings before they become theirs.

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They don't charge you to get your personal belongings back... they charge you a "storage fee" for the time they stored your personal belongings. And yes, they can do that.


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