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Can you be arrested in Florida for concealing a vehicle that a bank wants to repossess?
Wiki User
∙ 6y ago
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.
Wiki User
∙ 6y ago
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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.
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.
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.
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.
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
When can the creditors repossess your vehicle?
When you don't pay for it.
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.
Do you need a license to repossess a vehicle in California?
Yes.
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.
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.
