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Does the bank have to tell you they are going to repossess your car.?
Wiki User
∙ 9y ago
Yes, the bank must tell you that your vehicle is being repossessed. The bank will usually try to reconcile the debt before the repossession takes place.
Wiki User
∙ 9y ago
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Can a bank report a car stolen if in default of payment?
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
When a bank repossess someones car?
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
If you have two car loans at one bank can the bank repossess both even?
Yes they can repossess everything that you got a loan for.
Can a bank repossess a car who's registration is past due?
no
When can a bank repossess someones car?
When the owner defaults on the loan payments
Can a bank repossess my car if I am making some sort of payment?
If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.
Does a repo agent have to notify you if they are going to repossess your car?
no
How much has to be owed for a bank to repossess a car?
it is up to the bank to decide. Legally, as little as 1 cent.
Does the bank have to notify you before they repossess your car?
I have NO IDEA, WHY look here if there is NO ANSERS
If a person dies can you give car back to bank?
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
Can a bank take a car that some else as a lien on?
Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.
Can you misrepresent yourself to repossess someones car?
No, it is illegal to impersonate someone else in order to repossess a vehicle or another asset. For example: You can't tell the R/O of the vehicle that you're from the dealership and are going to detail the car on their behalf as part of a customer loyalty reward.
