ALL STATES HAVE LAWS ON THE BOOKS TO PROTECT "SECURED LENDERS". GENERALY MOST PEOPLE SURRENDER THE VEHICLE BEFORE "LEGAL" ACTION IS REQUIRED. IF YOUR LENDER IS MAKEING THE THREAT OF LEGAL ACTION, YOU BETTER BELIEVE THEY HAVE THE LAWYERS AND MONEY TO BACK THE THREAT. HERE IN Texas IT FALLS UNDER PENAL CODE 32.33 "HINDERING SECURED CREDITORS". ITS RARE THAT SOMEONE GOES TO JAIL UNDER THIS STATUE, USEUALLY THEY ARE FOUND IN CONTEMPT OF COURT (AFTER A WRIT OF SEQUESTRATION HAS BEEN SERVED) AND HELD UNTIL THE VEHICLE IS SECURED BY THE LIEN HOLDER.
no unless your not apart of a the program
yes,you may be catched by cops.
NO, there are no more debtors prisons.
As much as the repossession company charges. These are private companies with the latitude to set their own fees.
=purple and black=
When you cosign for an automobile purchase you are typically liable for an automobile repossession in Michigan. The reason why is because you are responsible for car payments as a cosigner if the primary debtor cannot pay.
Some states have set maximum amounts for repossession fees. The state of Texas,. however has not set a maximum amount on the fee that can be charged for a car repossession.
yes you can
A hostile debtor's agreement is an agreement between two parties that allows for a repossession to take place. This could be the repossession of an automobile or it could also be a foreclosure. Either way, the parties involved have to go to court to solve issues.
No, we no longer have slavery or debtor's prisons. It's unconstitutional.
YES, concealing mortaged property is a felony in most states. It is one of the lenders many legal options.
No. Not if the circumstances are as simple as stated. Repossession is a civil law procedure, not involving criminal law -UNLESS- the vehicle HAD already been re-possessed and you went and took it back from the repossession impound lot, or the repossession agent or the bank. If it had already been taken and impounded then, yes, you could be charged with auto theft.