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Can a creditor repo a truck if thy are not on title as a lien holder?
Wiki User
∙ 14y ago
This depends on state law regarding lienholders, not bankruptcy law. Debts can be transferred (sold) to other creditors, but usually the title has to be endorsed to the new creditor and you have to get notice of the transfer.
A creditor can seize a truck under a court order to satisfy a judgment, whether it is on the title or not. It is not a repo, however.
Wiki User
∙ 14y ago
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HOW CAN I REPOSE A TRUCK I AM LIEN HOLDER?
Best way to do it is let the professionals take care of that part. Contact them, show them the title and the lien to the vehicle, and let them do their thing.
Does the lien holder of a vehicle have the title?
No it does not
What happens if you do buy a car or motorcycle that has a lien against it and you want to register it and you got the car with a bill of sale?
you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.
How do you find lien holder on vehicle?
To find the lien holder of a vehicle, the registered owner of the vehicle will have to apply for a duplicate title. The VIN will be necessary to obtain the duplicate title. The lien holder will be listed on the duplicate title.
Can you put a lien on a semi truck you are leasing from your employer who has not paid you for 4 weeks?
If you don't hold the title to that truck, you have nothing to put a lien on. The title holder is the actual legal owner of that vehicle, and when you say you're saying that you're leasing it from your "employer" (in reality, you, as a lease operator would be a 1099 contractor, not an employee), it tells me they hold the title on the truck, and already have a lien on it, as well.You have nothing to put a lien on, plain and simple.
Can your car be repossessed if there is no lien holder on title?
no
Is it illegal to sell a car with a lien on the title?
Yes of course it is. Unless it is the Lien Holder selling the car or if the payment is being made directly to the lien holder.Selling a car with a lien just because you have the title (Liened Tile) in hand is wrong and very unlawful even if the buyer knows it has a lien.Do not give cash to someone selling a car with a lien, that is also illegal if you know they are not the lien holder. If the seller has a problem with you paying the creditor directly they are probably a crook!
What do you do if a car title has a lien on it and the title is lost?
Apply for a replacement or duplicate. You can apply for a replacement, but the title will most likely be sent to the lien holder. If that happens, you need to call the lien holder to let them know that it will be coming and to let you know when they get it. If it is sent to you, then you will need to take it to the lien holder and have them sign off on it again.
Can i Put a lien on a vehicle to get my name on the title?
A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
What is the limitation on a car with a lien on it before you can get the title?
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
How do you get Equifax to remove a released taxlienfederal?
You must contact the lien holder. If necessary, Equifax can provide you with contact information for the creditor. Equifax can only remove it when the lien holder provides in writing a clearance of the lien.
How do you discover the lien holder of a car?
It should be on the title.
