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IC 35-43-4-5 Defenses Sec. 5. (a) An owner in possession of encumbered property does not commit a crime under this chapter, as against a person having only a security interest in the property, by removing or otherwise dealing with the property contrary to the terms of the security agreement, even if title is in the credit institution under a mortgage, conditional sales contract, or bailment lease.

IC 24-4.5-5-103 (5) The buyer may be liable in damages to the seller if the buyer has wrongfully damaged the collateral or if, after default and demand, the buyer has wrongfully failed to make the collateral available to the seller.

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โˆ™ 2017-10-10 17:32:19
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Q: Can you be arrested in Florida for concealing a vehicle that a bank wants to repossess?
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Can a person in California be arrested for concealing a vehicle that the repomen are trying to repossess?

YES, that is one of the very few laws in CA. that makes sense. Call DCA's Consumer Information Center toll-free at 1-800-952-5210. In the Sacramento area call (916) 445-1254.


Is a repossession vehicle allowed to repossess a vehicle inside a private community in the state of Florida?

If the repossessor is allowed in, yes. They cannot force their way into the community.


In Florida is it legal for a company to repossess your vehicle if that is your only means of transportation to and from work?

YES,its legal in every state.


Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?

A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.


When can the creditors repossess your vehicle?

When you don't pay for it.


Can you be arrested for concealing a car in the state of Georgia?

No you cannot.They can after a lengthy court process force you to turn over the vehicle but it never happens....if it did you see the countless repo posters citing the case here.


What do you need to do to legally repossess a vehicle in Texas?

need approval from hair vehicle


How long does a creditor have until they repossess a vehicle?

A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.


Can the lien holder in Florida repossess a vehicle if insurance is cancelled?

YES!!! Lienholders must protect their investment so therefore you must comply to their rules and regulations


Do you need a license to repossess a vehicle in California?

Yes.


If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?

Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.


Do you have to have insurance to repossess a vehicle in South Carolina?

No, you dont even need keys to repossess a car in South Carolina


What do you need to repossess a vehicle in Nevada?

You have to posses the title on the vehicle and the documentation that there is a default in payments.


If a car that is being repossessed is at a residence of someone else and a vehicle is behind the car to be repossessed can they move it lawfully?

No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.


What is Texas law on repose can they repossess from me because i was rude being rude?

They are not going to repossess a vehicle because you were rude. They can however repossess it if you miss just one payment.


Is it illegal to repossess a vehicle in Texas?

No, not if the contract is in default. The lender/lienholder may repossess the vehicle under UCC laws as long as it can be accomplished without a breach of peace committed


Can a lender report a vechicle stolen while trying to repossess in the state of Florida?

In the event that the possessor of the vehicle is not a contracted party, or if the contracted party is actively seeking to hinder repossession, then yes, the lender can report the vehicle stolen.


Can they repossess a vehicle anywhere other than your home?

YES.


Can you repossess a vehicle that you sold to a friend if you have a written contract for the sale of the vehicle?

yes, you are in a legally binging contract if you are both over 18 years of age and are therefore able to repossess the car.


Can you legally repossess your car with a lien on the title?

That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.


Can one be held criminally liable for concealing a vehicle repossession in Wisconsin?

yes. its stealling.


Is it legal to repossess a vehicle for late fees and not regular vehicle payments?

Yes. Any amounts owing.


Can a bank repossess if the borrower defaults and there is a cosigner on the vehicle?

The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.


Can a mechanic repossess a vehicle if money still owed?

if you owe them money they generally will not release your vehicle to you in the first place


Can the bank repossess a vehicle even if the payments are current?

Not IF you reaffirmed the loan with the creditor.