0
Does a car dealership need to state in their contracts anything about repossesion?
Wiki User
∙ 13y ago
First, the loan contract is not with the dealership. The dealership only represents the lender in the transaction.
Second, if the lender hopes to protect their interest, then the contract will state "something" about repossession. In fact one of the papers the borrower signs will be a Right to Cure, meaning essentially the borrower is giving future permission for the lender or the lender's agents to enter private property to secure the unit.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Repossesion laws in Arizona?
30days by state law, answer from a repo man
What are the steps of a repossession for collateral?
What are the steps in a repossesion of collateral (boat) in the state of Alabama?
Is it state law to remove the tags when the vechicle has been repossesion?
Georgia does I am not sure about other states
Can anything be done if you buy a used car as is from a car dealership and the transmission goes out in two weeks?
Depends on if your state has a lemon law, and what the specifics of the law state.
If i buy a used car from a dealership in one state can the dealership register it in another state?
No, you would need to register it. The dealership simply "signs off".
In the state of Ca. How long is the statute of Limitations on a vehicle repossesion?
10 years, a repossession will stay on your credit for 10 years.
How do you get a dealership liecense to go to dealership auction?
go to the state dealers association.
How does an out of state automotive dealership regisier with the Massachusetts Department of Revenue?
How does an out of state automotive dealership regisier with the Massachusetts Department of Revenue?
What are the requirements for opening a car dealership?
The legal requirement for opening a car dealership vary from state to state. The first step would be to find out the legal requirement to start a dealership in the local area.
Is it illegal to drive a Ferrari in the state of New Jersey?
The answer depends on what ferrari. If it is anything commonly sold at the dealership you can drive it on the road. If you have a race chasis then it would be illegal.
State statue can you move another car during a repossesion?
NO the repo person can not. Who ever owns it can or if they give someone else permission to move it.
Can you take a car out of state that's in repossesion?
No such thing as in repossession. Its either repoed or its not. If its not, you are free to do what you want with it unless you signed a contract agreeing otherwise.
