If a repossessor comes in with paperwork showing an order to repossess, you should be able to call the listed creditor and verify it.
They won't repossess it for your license being suspended, but they can repossess it when you fail to make payments, regardless of what the current status of your license is.
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
Not going to happen
In most states it is possible for the action depending on the exemption status of the vehicle and how it is titled.
NOPE. No state requires lenders to tewll you that you are in "repo status". The lender desire for you to make the payments will sometimes give you a clue.
No. And if you knew they were a creditor, you could be subject to fraud charges for having filed papers with the court swearing you were declaring your entire financial status and known creditors.
No they don't, usually the OC hires or farm out their accounts that are in collection status to CA's.
If the payment amount and other terms that were agreed upon are being met, it would not be in the best interest of the creditor to place the account in collection status. However, if there is a significant arrearage or the terms of the agreement are not being honored, the creditor may take such action in order to change the account status for taxation issues and other purposes.
Yes, the debtor can still be sued by the creditor regardless of his or her financial status. However, disability payments are protected by both federal and state laws and are exempt from creditor attachment.
Susan Elizabeth Reese has written: 'The legal status of homemakers in Oregon' -- subject(s): Husband and wife, Legal status, laws, Married women