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
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.
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......
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.
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.
If you get the car back you have to pay storage, if there was even a pair of sunglasses inside the car they can charge you for property.
Yes, they can. Ultimately they have to PERFORM WORK to gather, label, secure, and keep safe your belongings. They can charge you for this because they were forced to perform work. The law allows them to be compensated for it.
In the State of Arizona, the license plate belongs to the debtor. They cannot charge you for your plate but they can charge you for inventory and storage of your personal property (which, incidently, includes your plate).
If my vehicle was repossessed at 8:00 pm and I paid the lien holder the full amount to pay off the loan. Can the towing company charge two days of storage when I picked up my vehicle at 1:00 pm the following day?
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.
YES, you can. The lender or repo company CANT keep your PP. They may charge you a fee for inventory and storage but they cant keep it.
You can, but there are complicated rules. For example, in California you can charge a storage fee for vehicles left on your property but only after send the owner a registered letter explaining that the vehicle is on your property and that it is acruing storage charges.