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.
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.
In some states yes.
generally they have ten days
Yes, they are required by law to notify your lien holder of any change in coverage.
No, but if the borrower misses enough payments, the cosigner will start getting collection calls as well.
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.
Contact the lender and let them knoiw that if ANY case the debtor defaults to notify you so you can payoff the loan. Add that you will payoff after repo with NO repo reported on YOUR credit.
Laws vary by state, but, generally, yes. They'll notify the law enforcement agency with jurisdiction in the area where they're repossessing the vehicle from, and the law enforcement agency will typically give notification of the repossession if the vehicle is reported stolen. However, most people with vehicles up for repossession are aware of it, and can put two and two together.