Perhaps because, like Texas, these states severely restrict one of a creditor's most effective tools -- wage garnishment. Texas bans wage attachments except for child support, and the Carolinas have similarly strict laws.
In addition, Texas has some of the most liberal creditor exemptions in the country -- which means that creditors can't take most people's stuff. Texas doesn't allow creditors to go after residents' homes, regardless of value, as long as the property is less than 10 acres in a town or city or 200 acres in the country. One car per family member is also sacrosanct, as is personal property of up to $60,000.
Only if the repossessor has an order for repossession of the trailer, as well. And even then, only under certain circumstances. If it's a commercial tractor trailer, and there's a load in that trailer, they may not take it, as the order of repossession does not cover the load, and they will face criminal charges if they do such.In the course of repossessing a vehicle, the repossession agency may not enter or move any vehicle (including a trailer) which is not in their order for repossession. They may detach a trailer from a truck being repossessed, but they can't actually take it.
My truck was reposessed and the repo company dragged my truck out of my gravel driveway and ruined the driveway. Plus they took my truck to another state almost 3 hours away. I plan on getting the truck back but I wonder if I have a case for compensation for my driveway and any damages to my truck by being dragged, and it being taken to another state?
Does the word M-O-N-E-Y ring a bell? LOL Decent truck=$25K,INSURANCE(IF you can get written)$15Kper year office= phone lines,computer,faxes,cell ph,files,5-10K. AFTER you get all that, do you have CLIENTS???? Are there other repo companys servicing your area? You dont want a price war to start with. LAWS. Do you know them? FDCPA, G-L-B,FCRA, ect.... Texas TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Texas State Department of Transportation, Division of Motor Vehicles, 4000 Jackson Ave., Austin, Texas 78738. Tel.:(512)465-7611. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Repossession affidavit (D12-264) if Texas title; out of state repossession affidavits accepted. PLATES: Remain with the vehicle. http://www.capitol.state.tx.us/statutes/statutes.html If you have more specific questions, email me. Good Luck
The California Business and Professions Code is very clear on this point. The code states the following: With regard to collateral subject to registration under the Vehicle Code, a repossession occurs when the repossessor gains entry to the collateral or when the collateral becomes connected to a tow truck. You can find out more repossession related laws by checking out the website at mparepos.com. They have a FAQ page that answers all related repossession law questions for the State of California.
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