Auto Loans and Financing
Repossession
Plural Nouns

Can a repossession agent take a vehicle without waiting for the borrower to show proof that payments have been made?

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Wiki User
2006-07-04 13:59:20

Yes. It is perfectly legal for a repossession agent to take

possession of a vehicle when they are acting on behalf of the

lender. The repossession agency does not have the option of

allowing the borrower to retain the vehicle even though proof is

presented that payments have been rendered. Such issues are

strictly between the borrower and the lender. The lender and/or

court being the only parties that can rescind the repossession

action.


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