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Repossession
Co-signing

Does the company repossessing a vehicle have to notify the co-signer?


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Wiki User
2015-07-15 18:40:55
2015-07-15 18:40:55

Read the contract you co-signed. It should relate the info you want. USUALLY, lenders dont notify the co-signor until the car is sold at auction and its time to PAY UP.

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The state of Alabama is a self help repossession state, therefore a repossession agency is not required to notify you before they repossess your vehicle. Repossessors are under various state and federal laws and regulations and are prevented from breaching the peace among other things.

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A few basic guidelines:Repossession must be peacefulRepossessors may not enter any vehicle other than the one they're repossessing, even to move it out of the way in order to facilitate the repossession.Repossessors may not open locked gates or enter structures without permission.Repossessors must notify local authorities when they are repossessing a vehicle.

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Yes, they are required by law to notify your lien holder of any change in coverage.

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Yes. New York follows UCC laws when it pertains to the repossession of a vehicle. The borrower does not need to be notified of the action and the vehicle can be taken if it is not in an enclosed garage or locked property and there is not a breach of peace.


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