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When even one payment is missed the agreement is considered in default, and the lender has the legal right to take whatever action they deem necessary to secure their financial interest in the property. Unless all missed payments and applicable fees are brought current and the creditor agrees to allow the borrower to continue with the agreement, the vehicle can be repossessed.

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โˆ™ 2006-03-17 20:13:28
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Q: Can the Lien holder repo a truck if there have been payments made by the driver within the last 96 days?
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